https://www.taxtmi.com/news?id=44110 Regulation of cryptocurrency is questioned as the court pressed the Centre to adopt a clear policy on virtual-currency trading, noting a parallel under-market and likening Bitcoin trading to a hawala business. The issue arose in a bail plea involving alleged large-scale aggregation of Bitcoin trades, investor inducement with promises of high returns, and related criminality; defence counsel cited prior quashing of a banking circular to argue that trading in Bitcoin is not per se illegal, prompting a request for the Centre to clarify the legal regime. en-us Mon, 19 May 2025 21:31:04 +0530 Mon, 19 May 2025 21:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=44110 Regulation of cryptocurrency is questioned as the court pressed the Centre to adopt a clear policy on virtual-currency trading, noting a parallel under-market and likening Bitcoin trading to a hawala business. The issue arose in a bail plea involving alleged large-scale aggregation of Bitcoin trades, investor inducement with promises of high returns, and related criminality; defence counsel cited prior quashing of a banking circular to argue that trading in Bitcoin is not per se illegal, prompting a request for the Centre to clarify the legal regime. News - Mon, 19 May 2025 21:31:04 +0530 https://www.taxtmi.com/news?id=44110