The Supreme Court of India urges the government to expedite legislation on Crypto Assets regulation.

According to Gate News bot, the Hindustan Times reported that the Supreme Court of India questioned the central government’s progress in the regulation of Crypto Assets on Monday. The court pointed out that the current lack of a clear legal framework has become a breeding ground for “abuse.”

The Supreme Court emphasized that a complete ban on Crypto Assets is not a viable solution and called on the government to expedite the formulation of regulatory measures. It is worth noting that the Supreme Court had already demanded the government to provide clear explanations regarding virtual currency policies two years ago. The court stated that the government’s long-term inaction on this issue is equivalent to “turning a blind eye.”

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