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The Indian court has reaffirmed that cryptocurrency transactions cannot be considered illegal, granting bail to Yes World CEO
The High Court of the Indian state of Orissa has reiterated that cryptocurrency trading is neither banned nor considered illegal in India. The court granted bail to Sandeep Chowdhury, CEO of Yes World, on the grounds that there is no official ban or illegal act against cryptocurrency trading in the country. Chowdhury was previously detained for allegedly defrauding investors through a Ponzi scheme or multi-level marketing scheme disguised as a cryptocurrency business. Although India currently la...
2024-08-04 01:10:35
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