In a new wave of global cryptocurrency support, India’s Supreme Court has raised concerns over the lack of…

In a new wave of global cryptocurrency support, India’s Supreme Court has raised concerns over the lack of cryptocurrency regulation in India. Per a recent report by Bar and Bench, the Supreme Court of India has questioned the government on the current status of cryptocurrency regulation, advocating for a structured regulatory stance rather than imposing a complete ban on the domain.

JUST IN: India’s Supreme Court says crypto should be regulated, not banned.

— Watcher.Guru (@WatcherGuru) May 20, 2025

Also Read: De-Dollarization: How CBDCs And China’s CIPS Threaten The Dollar

Supreme Court of India Advocates for Standardized Crypto Regulation

A bench of Justice Surya Kant and Justice NK Singh has brought cryptocurrency back to the limelight in India. In a new proceeding, both judges have questioned the lack of cryptocurrency regulation in India. The bench in a new, praiseworthy legal process has advocated for a standardized regulatory approach. The court suggested a complete ban on cryptocurrency might not be feasible, as it may deliver negative results for the Indian economy.

“In (another) matter, almost two years back, I made an observation and called upon the learned Attorney General and asked him, ‘Are you doing something to regulate this cryptocurrency? He came and said, ‘We can’t. There is an international market, this and tha’t… There are new kinds of mechanisms evolving for international trade also. Banning may be shutting your eyes to ground reality. But what about regulating it? … We aren’t experts. Experts would examine it, but some steps to regulate it and keep an eye on it “are necessary,” the Court observed.

Also Read: Goldman Sachs: MAG7 Hits 7-Year Low Amid AI, Trade & Antitrust Fears

The Supreme Court Current Stance?

The court later proposed a regulatory approach, adding how it may end up helping the Indian economy in the long term.

“Nobody is saying to stop it since you have said earlier that cryptocurrency is not illegal and banning it will not be wise for the economy. Banning may be shutting your eyes to the ground reality. But what about regulating it?”

At the same time, the court also raised issues about the lack of evidentiary support, as the domain lacks a legal definition and backing.

“If tomorrow somebody asks, ‘Prove what this asset is; how are we going to prove it?” We are not experts. Experts will have to examine it, but some steps to regulate it are necessary. We are told crypto trading is very volatile. Today a Bitcoin might be worth lakhs, and tomorrow it can mean nothing,” the bench said. ”

Also Read: $1,000 in Shiba Inu & XRP: Which Will Give Better Returns in 2030?