Is the Indian Government Unprepared to Tackle Complex Cryptocurrency Issues?

Is the Indian Government Unprepared to Tackle Complex Cryptocurrency Issues?



The Supreme Court of India has instructed the Union government to disclose its strategy for dealing with crypto-related crimes in the country. Local reports indicate that the court expressed disappointment over the absence of a federal agency or law dedicated to investigating cryptocurrency cases.



Industry experts believe that it may take a few months for India to create a specialized framework to address the issues concerning the cryptocurrency sector.



During the proceedings, the judges expressed doubts about the government's capability to handle intricate cryptocurrency cases effectively using its existing law enforcement setup. They highlighted the absence of specific laws and a dedicated national agency to handle such cases, which raised concerns about the lack of proper understanding and investigation.



The judges stressed


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