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Yet to finalise mechanism for regulating cryptocurrencies: Centre to SC

Economic Times · 1y

The Centre has informed the Supreme Court that it is still in the process of deciding on a mechanism to regulate cryptocurrencies and effectively investigate related offenses. Additional Solicitor General Vikramjit Banerjee, representing the Centre, stated that discussions are ongoing and requested more time to file an affidavit with the updated position on the regulation of cryptocurrencies. The court highlighted the need for appropriate safeguards to protect individuals from fraud and misuse of cryptocurrencies. The matter is scheduled for further hearing on March 21.