India’s Crypto Policy Paralysis: Supreme Court Slams Government Over Regulatory Vacuum

India’s top court just torched the government’s haphazard approach to crypto regulation—again. While bureaucrats dither, billions in digital assets flow through the country unchecked. Here’s why Delhi can’t get out of its own way.

The Regulatory Circus

Three years after overturning RBI’s banking ban, the Supreme Court loses patience with contradictory signals—taxation without legislation, half-baked ’advise’ from committees, and ministers making bullish statements while enforcement agencies raid exchanges. Classic case of left hand not knowing what the right hand is mining.

Who’s Afraid of Web3?

Meanwhile, Indian traders still represent 20% of global crypto volume. Exchanges operate in legal limbo, paying 30% capital gains tax on assets the government refuses to even define. Banks freeze accounts randomly, while politicians quietly stack BTC off-record. The only consistency? Incompetence.

Delhi’s paralysis proves one universal truth: governments move slower than blockchain confirmations. And with more exit scams than actual exits, maybe that’s for the best.