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Frame laws for cryptocurrency trading: PIL in high court seeks directions to Centre | Mumbai news

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A public interest litigation (PIL) has been filed in the Bombay high court (HC) seeking directions to the Central government to enact appropriate laws to address the growing threat of cryptocurrencies and the malpractices of trading platforms in the country due to a lack of appropriate legislation and statutory authority

Frame laws for cryptocurrency trading: PIL in HC seeks directions to Centre

KAY Dodhiya

abbas.dodhiya@htlive.com

Mumbai: A public interest litigation (PIL) has been filed in the Bombay high court (HC) seeking directions to the Central government to enact appropriate laws to address the malpractices of trading platforms dealing in cryptocurrencies in the country, due to a lack of appropriate legislation and statutory authority.

The PIL states that it is critical to address this issue and frame appropriate regulation, legislation, and statutory enactment to address this growing problem; otherwise, a large financial…

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