The Orissa High Court in India ruled that cryptocurrency deali | Techno Vas
The Orissa High Court in India ruled that cryptocurrency dealings are not illegal under Indian law.
This decision arose from a case involving individuals accused of fraud through a Ponzi scheme.
Justice Sasikanta Mishra clarified that cryptocurrency is not considered money under the Prize Chits and Money Circulation Schemes (Banning) Act or a deposit under the Odisha Protection of Interests of Depositors Act, thus deeming mere cryptocurrency dealings not offenses under these laws.
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