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flag Indian Supreme Court urges government to create cryptocurrency rules, citing economic risks.

flag The Indian Supreme Court has criticized the government for its lack of a clear cryptocurrency regulation policy, expressing concerns over the potential economic impacts of an unregulated "parallel under-market." flag The court urged the government to develop a comprehensive regulatory framework, suggesting that a complete ban might not be the best approach. flag The justices noted that taxing cryptocurrency trading implies some legal recognition and emphasized the need for oversight to prevent economic risks.

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