India News | Trading in Bitcoin in India is Refined Way of Doing Hawala Business: SC

In this news:

New Delhi, May 5 (PTI) The Supreme Court on Monday said trading in Bitcoin in India is like "dealing with a refined way of Hawala business" as it lamented that the Centre has till now not come out with a clear regime on regulating virtual currency. A bench of Justices Surya Kant and N Kotiswar Singh made the remarks while dealing with a bail application of Shailesh Babulal Bhatt who was arrested by the police for alleged illegal Bitcoin trade.

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India News | Trading in Bitcoin in India is Refined Way of Doing Hawala Business: SC