Indian Supreme Court Asks Government to Regulate Bitcoin

The Supreme Court of India has called on the government to answer the petition calling for the regulation of the use of the leading cryptocurrency Bitcoin in the country.

The petition claimed that the digital currency can be utilized in executing untraceable transactions across borders, making it an attractive tool for tax evaders and ransomware attackers.

According to a report by the Indian newspaper, The Hindu, in mid-November 2017, three justices of the Supreme Court have sent a notice to India’s central bank, market regulator, tax department and other responsible agencies, requesting them to answer a petition on the issue.

Part of the petition reads: […]

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