The Delhi High Court has rejected a plea seeking regulation of crypto exchanges and a CBI probe into Bitbns over withdrawal issues. The court said: • It cannot force the government to create crypto laws • No CBI probe without exceptional grounds • Compensation claims must be pursued in civil courts • Bitbns is a private company The burden shifts back to investors. Until India has a clear framework, risk management is personal.
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ON THE LEDGER 🇮🇳
The Delhi High Court has rejected a plea seeking regulation of crypto exchanges and a CBI probe into Bitbns over withdrawal issues.
The court said:
• It cannot force the government to create crypto laws
• No CBI probe without exceptional grounds
• Compensation claims must be pursued in civil courts
• Bitbns is a private company
The burden shifts back to investors.
Until India has a clear framework, risk management is personal.