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Is bitcoin illegal or not, asks SC

Fri, 25 February 2022

15:04

The Supreme Court on Friday asked Central Government whether bitcoin is illegal in the country or not while hearing a matter relating to the GainBitcoin scam.

The Court orally enquired Central government whether bitcoins are illegal or not. The court enquiry came while hearing the petition seeking cancellation of bail against Ajay Bhardwaj, one of the co-accused among others in this case.

Responding to the court's question, Additional Solicitor General Aishwarya Bhati said that accused Ajay Bhardwaj is allegedly involved in the fraud of bitcoins.

A bench of Justice DY Chandrachud and Justice Surya Kant, meanwhile, directed accused Ajay Bhardwaj to co-operate in the investigation extended his interim protection from arrest till the next date of hearing.

The court listed the matter for hearing after four weeks. -- ANI

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