Wednesday, September 27, 2023
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Is bitcoin illegal or not? Supreme Court asks Central govt to make its stand clear

The Court was hearing a petition filed by one of the accused in the GainBitcoin scam – Ajay Bhardwaj.

ASG Bhati told the Court that the case involves 87,000 bitcoins and the accused was not cooperating with investigation.

“We had issued multiple summons,” she said.

The Court then proceeded to direct the accused to cooperate with the probe.

Pertinently, the Court granted the accused interim protection from arrest.

“The IO shall file a status report showing the cooperation meted out by the petitioner accused. List this after 4 weeks. the interim order restraining arrest of the accused will continue till the next date of hearing. interim protection will continue,” the Court said.

Story to be updated.

Source: Barandbench

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