Two days ago, the Indian Supreme Court gave the Union of India four weeks to finally work out a policy for bitcoins and other cryptographic ones.
The Supreme Court of India (SC) reportedly informed the Union of India that the latter has a month to decide on the further legal status of cryptocurrency in the country. If this does not happen for any reason, the SC will have to create its own rules.
Rumors are not confirmed.
There is only one problem: no major sources from the Indian government actually confirmed this, leaving these messages as rumors. All information that is disseminated through the media is far from the original source.
Can it be fake news?
The first source of information about the Union of India and the Bitcoins was Inc42. This news release mentions two specific Supreme Court judges who allegedly made this decision.
Also, this news came from Twitter user @Cryptokanoon. He posted a video on YouTube, proving it.
However, from where these articles came from, remains unconfirmed. As for the ruling, there are no official court documents. There is a possibility that the decision was really made, but if this were true, an official confirmation on the Internet would soon appear. Until this is confirmed, it all seems to be nothing more than a jungle telegraph.
In any case, everything should be clarified by March 25.
Background.
The Supreme Court is currently working on two cases related to crypto assets in India. One lawsuit was filed by a party trying to ban digital assets, the Reserve Bank of India.
The other side consists of companies and startups working with crypto-exchange.
If the above news is confirmed, the SC seems to be looking for a happy environment to satisfy both sides of the problem.
