The Indian Supreme Court has directed the Union government to record whether or not it intends to establish a federal agency to investigate crypto-related criminal cases — calling it "unfortunate" that the Centre still has no law or agency regulating crypto — according to Hindustan Times.

“You still don’t have any law, unfortunately," justices Surya Kant and Dipankar Datta said before asking: "Do you have an agency at the national level to understand these cases and investigate properly?"

"We want you to identify a national specialized agency, in the national interest," they added, before asking: "What kind of a quality investigation can you expect when you have a police constable, who gets promoted to an assistant sub-inspector or a sub-inspector, to handle such cases?”

The bench …