Listen to this article

Supreme Court of India Rejects WazirX Users' Cryptocurrency Regulation Petition on April 16, 2025

5 posts • GPT (4o mini)

Published Apr 16, 2025, 03:11 PM

The Supreme Court of India has declined to consider a petition requesting the establishment of a regulatory framework for cryptocurrencies. In its ruling, the Court stated that it could not 'lay down the law' regarding such regulations. This decision follows the dismissal of a criminal writ petition from WazirX users, as the Court deemed it not the relevant authority to address the matter. The ruling reflects ongoing challenges in the regulation of cryptocurrency trading in India.

More breaking stories on DeepNewz — updated live.

#Supreme Court of India #Court #WazirX #India

Related Prediction Markets

Trump eliminates capital gains tax on crypto before June?

Wisconsin Supreme Court election: Susan Crawford Margin of victory?

•

View market suggestions→

Sources

business-standard.com thehindu.com economictimes.indiatimes.com ptinews.com

Business Standard

@bsindia

SC refuses to entertain a petition seeking the formulation of rules to regulate cryptocurrencies, stating it could not “lay down the law” in such matters #SupremeCourt #cryptocurrency #CryptoTrading @WritesZakariya https://t.co/JArTdgi38G

The Hindu

@the_hindu

The Supreme Court on Wednesday refused to examine a plea seeking a regulatory framework on cryptocurrencies and said it couldn’t “lay down the law”. https://t.co/UwXpyaMNOj

CryptoMutant

@CryptoMutant

Supreme Court of India dismisses WazirX users’ criminal writ petition, says it’s not the relevant authority. https://t.co/E8RpuW77LS

Image Viewer