Delhi High Court's Verdict: Crypto's Dark Side Unveiled

Crypto currency has major implications, can convert recognised money into untraceable money: Delhi High Court

Cryptocurrency has profound implications on the country's economy, said the Delhi High Court while denying bail to a man accused of playing a role in a crypto-fraud racket.

Delhi High Court's Verdict: Crypto's Dark Side Unveiled

Delhi High Court's Verdict: Crypto's Dark Side Unveiled The Delhi High Court has made a significant ruling on the economic implications of cryptocurrency, denying bail to a businessman involved in a multi-million scam. Justice Girish Kathpalia emphasized the risks posed by transforming recognized currencies into 'dark, untraceable money.'Businessman Umesh Verma was taken into custody, accused of a scam related to Dubai-based crypto enterprise Pl…

Delhi Court Warns Crypto Could Collapse Recognized Money Into Dark Networks – Legal Bitcoin News

India’s legal alarm over crypto hit new highs as the Delhi High Court warned it threatens monetary stability by dissolving recognized currency into opaque, untraceable financial systems. Delhi High Court Flags Crypto as Systemic Threat Amid Growing Legal Scrutiny Concerns over digital asset misuse intensified in India after a judicial warning flagged crypto’s ability to […]

Cryptocurrency Can Make Recognised Money Untraceable: HC

In a scathing indictment of cryptocurrencies, the Delhi High Court (HC) observed that dealing in such virtual digital assets can lead to the “dissolution” of recognised money into “dark, unknown and untraceable money”. As per news agency PTI, the HC made the remarks while denying bail to businessman Umesh Verma in connection with a cryptocurrency-related fraud case.  “Dealing in cryptocurrency has profound implications on (the) economy of our co…

India Intensifies Crypto Crackdown Amid Terror Financing Concerns - FinanceFeeds

India’s Financial Intelligence Unit (FIU) has initiated a broad investigation into leading cryptocurrency exchanges Binance and WazirX amid mounting concerns that digital assets are being used to fund cross-border terrorism. At the heart of the probe are several suspicious transactions traced to wallets in Pakistan and the Jammu & Kashmir region, with funds allegedly moving through Tron (TRX) tokens to entities in Syria—a region with known extre…

India Probes Binance Over Crypto Transfers From Pakistan

India’s financial intelligence unit is probing Binance and private crypto wallets over a suspected spike in cross-border transfers from Pakistan, …