SC Questions Centre’s Delay In Crypto Regulation
SUMMARY
The Supreme Court has questioned that that regulatory measures are needed to govern cryptocurrency
The current taxation of Bitcoin trading profits at 30% implies a form of legal recognition, said the Court
Additional Solicitor General Aishwarya Bhati said that she would seek Centre’s instructions on the crypto matter
The Supreme Court has reportedly questioned the central government’s delay in formulating cryptocurrency regulations, highlighting concerns over its economic implications.
The Apex court said the current taxation of Bitcoin trading profits at 30% implies a form of legal recognition and if it’s already acknowledged that it needs to be regulated, a report by Bar and Bench said.
Source link
Related Posts
recent post
-
May 20 2025 -
May 20 2025
-
May 20 2025
-
May 20 2025
-
May 20 2025
