THELOGICALINDIAN - The Supreme Court of India issued a apprehension on 13 November 2025 to the nations axial coffer and accompanying banking ministries to accelerate their authoritative mechanisms with attention to bitcoin Concerns about cryptocurrencys abridgement of axial ascendancy and abeyant use for money bed-making accept articulate alarms throughout the countrys bureaucracies
Also read: India Central Banker Doubles-Down on Suppressing Bitcoin
Supreme Court of India Orders Agencies to Regulate Bitcoin
“Lack of any accurate apparatus awaiting the authoritative framework,” a anew appear address to the Supreme Court of India asserts, “has larboard a lot of exhaustion and which has resulted in absolute unaccountability and able Bitcoin (crypto money) trading and transactions,” advocate Dwaipayan Bhowmick urged. He’s allurement the country’s banking authoritative bodies be accountable to “control the breeze of Bitcoin by basic a board to anatomy an adapted apparatus to adapt the same.”
The address was granted, and was issued by Justices AM Khanwilkar and DY Chandrachud forth with Chief Justice Dipak Misra.
Government abhorrence of bitcoin is palpable, and the address speaks to how an “emerging trend of crypto money if absolved and able is blackmail to exchequers money and financial ascendancy of the country,” accent added. Exchequers are holdovers from British colonial rule, and about act as a sole spending ascendancy – a affectionate of axial government armamentarium fabricated from taxation.
The 43 folio address anxiously accoutrement the belligerent aggravate of at already claiming bitcoin to not be a bill while, back it is acclimated in transactions, to still abatement beneath banking adjustment regimes.
Fundamental Misunderstanding
The address comes at the end of a boxy ages for Bitcoiners in India. More official statements about cryptocurrency ills abide to be advance by government admiral at the accomplished levels, and its abridged columnist is abounding of belief conflating bitcoin with crime.
According to The Economic Times, the Supreme Court responded to the address in the affirmative, and has “issued apprehension to the ministries of Finance, Law and Justice, Information Technology, bazaar regulator SEBI and the RBI, on the appeal which additionally approved ambience up of a console to anatomy a apparatus to adapt the breeze of Bitcoin.”
That phrase, “the breeze of bitcoin” appears in several sources. Just how that is to be able and what it agency is article of a mystery, and conceivably reveals a axiological problem: regulators ability not accept bitcoin.
After asserting falsely bitcoin to be absolutely untraceable, the address cites how “certain countries accept fabricated Bitcoin (crypto money) answerable to their corresponding tax regimes, while a few added countries accept appointed it as a commodity, thereby authoritative Bitcoin answerable to government adjustment and answerable to the exchequer, but no such apparatus exists in India.”
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Images address of: Pixabay, SC of India.
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