India’s Supreme Court calls for clear crypto guidelines not outright ban
India’s Supreme Court has directed regulatory bodies to develop clear guidelines for governing crypto activities in the country, according to a May 20 report from local outlet Bar and Bench.
According to the report, the apex court emphasized that regulators should focus on establishing oversight frameworks that reflect the rising adoption of digital assets across the country rather than pursuing a ban.
The judges also pointed to India’s 30% tax on crypto gains as evidence that the asset class is already woven into the financial ecosystem. With that in mind, they pressed for thoughtful governance that supports innovation while safeguarding investors.
To move things forward, the court has asked regulators to work alongside technical…
