Crypto currency may render recognised money untraceable: Delhi HC

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The Delhi High Court on Monday said dealing in crypto currency has profound implications on the country’s economy by way of “dissolution of recognised money into the dark, unknown and untraceable money”.

Justice Girish Kathpalia therefore denied bail to a businessman in a corruption case related to crypto currency.

“Dealing in crypto currency has profound implications on economy of our country by way of dissolution of recognised money into the dark unknown and untraceable money. The allegations against the accused in this multi-victim scam are quite…



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Crypto currency may render recognised money untraceable: Delhi HC



The Delhi High Court on Monday said dealing in crypto currency has profound implications on the country’s economy by way of “dissolution of recognised money into the dark, unknown and untraceable money”.

Justice Girish Kathpalia therefore denied bail to a businessman in a corruption case related to crypto currency.

“Dealing in crypto currency has profound implications on economy of our country by way of dissolution of recognised money into the dark unknown and untraceable money. The allegations against the accused in this multi-victim scam are quite…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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