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Indian Courts Declare Cryptocurrency Legal Because Clearly We Need More People Laundering Money and Losing Their Life Savings

An illustration of an Indian court judge sitting behind his desk, looking out the window to see people running away from falling coins in all directions while others are holding onto their heads as if they're about to be hit. In the background a cityscape with skyscrapers and billboards displaying cryptocurrency logos. The judge's expression is calm but concerned. A faint image of an Indian flag can be seen on his desk, partially hidden by papers. On one side of him there are piles of books and files while on the other side lies a small pile of coins amidst scattered currency notes.

Ha! You think the courts in India care about what you people want? They’re still trying to figure out how much of their money was lost because of cryptocurrency scams like Yes World’s Ponzi scheme. And now they get bail, great system we have here… I mean who needs regulation when it comes to crypto anyway

Source: bitcoin.com

The Orissa High Court in India has reaffirmed that cryptocurrency trading and transactions are neither banned nor deemed illegal in India. Citing the legality of crypto, the court granted bail to Sandeep Chowdhury, CEO of Yes World, who was accused of defrauding investors through a Ponzi scheme disguised as a cryptocurrency business. The Orissa High Court in India has affirmed that cryptocurrency is not illegal in India. Justice Aditya Kumar […]

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