The Indian Supreme Court reprimanded the government for the lack of policy of regulating encryption “cutting”: report

The Supreme Court of India asked why the country’s central government was unable to formulate a “clear reduction” policy on the regulation of encryption, I mentioned economic times on Monday.

Judge Syria Kant and N Kotiswar Singh said that there is “parallel under the market” for the cryptocurrency that can affect the economy.

“Why does the center not come out a clear policy to organize the cryptocurrency?” They have been put up. “By organizing the cryptocurrency, you can monitor trade.”

Judge Kant added that Bitcoin (BTC) is a “somewhat illegal trade like Hawala”, referring to a term used to transfer informal money from one place to another without the actual movement of material funds. Illegal Hawala transactions in India.

The judges asked their question to the additional public lawyer, Eshwarya Bhaati, who requested education in this regard. They were speaking while hearing a petition on bail presented by Shailish Baboulal Bhatt, a resident of Gojarat, who is accused of fraud in encryption.

Bhatti claimed that Bhatt was one of the largest BTC trading complexes in Gojarat, which led to the victims of others with high returns.

However, the court said it could not make sure whether it was a victim or a victim, which led to a reflection of the government’s inability to reach a clear system that regulates the encrypted currency.

The government of India was planning to issue A discussion paper determines the position of the encryption policy by September Last year, although this has not yet been achieved.

A senior official said in February that the delay was due to plans for See the impact of more encryption policies From the United States under the leadership of President Trump.