April 22, 2025

wazirx

Crypto

Supreme Court Dismisses Plea Seeking Guidelines Against Fraudulent Cryptocurrency Transactions

The Supreme Court recently dismissed a petition seeking guidelines from the Court in exercise of its jurisdiction under Article 142 of the Constitution to prevent and penalize fraudulent transactions involving cryptocurrencies. A bench of Justices BR Gavai and AG Masih passed the order, being of the view that the prayers made were within the domain

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Crypto

Legal insights on cryptocurrency restructuring: The WazirX case

While WazirX’s restructuring demonstrates a structured and court-approved recovery process, the ongoing liquidation of FTX following its 2022 collapse highlights the challenges and inefficiencies that can emerge in unregulated cryptocurrency markets. Once one of the world’s largest crypto exchanges, FTX filed for bankruptcy, initiating a protracted and costly liquidation process that has thus far provided

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