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India’s Supreme Court Rules for Crypto Regulation—Rejects Blanket Ban
India’s Supreme Court Rules for Crypto Regulation—Rejects Blanket Ban
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In a landmark decision shaking the financial world, India’s Supreme Court has sided with progressive crypto regulation rather than outright prohibition. The ruling comes as a relief to millions of Indian crypto investors and businesses who’ve been navigating regulatory uncertainty.
The court’s decision effectively forces lawmakers to develop a framework for digital assets—something the finance ministry has been dragging its feet on for years. "You can’t ban innovation," the ruling seemed to say, while stopping short of endorsing crypto’s wild west days.
Market reaction was immediate: Bitcoin prices jumped 3% on Indian exchanges within hours. Meanwhile, traditional bankers quietly seethed—another revenue stream slipping through their fingers.
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