As crypto-assets continue to rise in global relevance, the focus on effective regulatory frameworks becomes increasingly important. In a bold development, India’s Supreme Court is taking an active role in seeking solutions in this sphere. The apex court has expressed concerns about the current lack of regulatory clarity, urging the Union Government to act more decisively in establishing firm cryptocurrency legislation.

According to a report from the Hindustan Times, the justices have openly questioned the government’s approach towards the nascent sector. The Supreme Court justices are pressing the government to create a national-level agency for investigating crypto-related criminal cases.

Clamor For A National-Level Regulatory Body

In a direct interaction with the Union Government, …