supreme court judgement on cryptocurrency pdf


  • What is the Supreme Court ruling on crypto?

    The Supreme court judgement on Cryptocurrency made the court dishonour the decision made by the Reserve Bank of India on Cryptocurrency trade by indicating them as legal trading by law. This decision made by the Supreme court stopped the ban on virtual currency trading like Cryptocurrency and bitcoin.
  • What is the new law to allow cryptocurrency?

    The central government via a notification dated 7 March, 2023 has brought digital assets and fiat currencies, virtual digital assets, more commonly, the crypto currencies and such other digital assets, their trading, safe keeping and related financial services under the ambit of Prevention of Money Laundering Act (
  • What is the legal view of cryptocurrency?

    The Payment Services Act defines "cryptocurrency" as a property value. The Act also states that cryptocurrency is limited to property values that are stored electronically on electronic devices, not a legal tender.
  • Criminals use cryptocurrencies such as Bitcoin for various purposes including laundering dirty money, scamming victims out of funds, defrauding investors, monetizing ransomware, or buying illicit goods.
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