WazirX petioners faced a major setback after the Supreme Court of India reportedly dismissed their plea against the exchange’s alleged role in Rs 2000 crore hack. According to sources, over 50 victims of the July 2024 WazirX hack had filed a criminal writ petition on April 15, accusing co-founder Nischal Shetty, Binance, and Liminal Custody […]
Supreme Court of India
India’s Supreme Court Denies Crypto Plea, Investors in Limbo
India’s cryptocurrency landscape is shrouded in uncertainty as the country’s highest court rejects a pivotal petition urging the government to establish comprehensive guidelines for the trading and mining of cryptocurrencies. The plea, filed by Manu Prashant Wig, a director at Blue Fox Motion Picture Limited, specifically sought regulatory frameworks and prosecution directives related to digital […]
Tim Draper Praises Indian Supreme Court’s Decision to Lift Cryptocurrency Ban
The landscape of the Indian cryptocurrency system changed recently when the Indian Supreme Court removed the ban on digital assets set in 2018. This landmark decision had its resulted effects, with new cryptocurrency companies venturing into the country soon. Multiple cryptocurrency proponents gave their opinions on the ban, one of whom was Tim Draper, the […]