#BreakingNews 💯⚠️
As per news -
Dealing in
#Crypto ‘Cannot Be Treated as Illegal in Any Manner.’
The Orissa High Court in India ruled that
#cryptocurrency dealings are not illegal under Indian law. This decision arose from a case involving individuals accused of fraud through a Ponzi scheme.
Justice Sasikanta Mishra clarified that cryptocurrency is not considered money under the Prize Chits & Money Circulation Schemes (
#Banning ) Act or a deposit under the Odisha Protection of Interests of Depositors Act, thus deeming mere cryptocurrency dealings not offenses under these laws.
The Orissa High Court in India has issued a significant ruling clarifying the legal status of cryptocurrency dealings under Indian law. This landmark decision emerged from a case involving two individuals accused of defrauding people through a Ponzi or multi-level marketing (
#MLM ) scheme.
So, always...
#DYOR it's #NFA & Trade with StopLoss in Crypto.