News: India's Supreme Court Calls on Government to Regulate Bitcoin

The Indian Supreme Court has asked the government to respond to calls to regulate bitcoin.

Three justices issued a notice to the central bank, the market regulator, the tax department, and several other agencies, asking them to answer a petition on the matter, the Hindu, an Indian newspaper, reported Tuesday.

The original petition to the court expressed concern that bitcoin can be used to conduct transactions across borders without a trace, making it an attractive tool for ransomware attackers and tax cheats.

Read more: https://www.coindesk.com/indias-supreme-court-calls-government-regulate-bitcoin/