Orissa high court seeks clarity on cryptocurrency's legal status in India

The Orissa high court is seeking clarity on cryptocurrency's legal standing in India, questioning its status as legal, illegal, or regulated. This comes as the court hears pleas challenging the freezing of bank accounts linked to alleged crypto transactions. Officers have been summoned to explain the regulatory framework and investigation procedures for virtual assets.

Orissa high court seeks clarity on cryptocurrency's legal status in India
The Orissa high court is seeking clarity on cryptocurrency's legal standing in India, questioning its status as legal, illegal, or regulated. This comes as the court hears pleas challenging the freezing of bank accounts linked to alleged crypto transactions. Officers have been summoned to explain the regulatory framework and investigation procedures for virtual assets.