Cryptocurrency may be legal but no immunity
High CourtFinancial LawThe Orissa High Court has stated that cryptocurrency may be legal, but it does not provide immunity for defrauding investors. The court held that cryptocurrency is a form of investment and that investors should be protected from fraud. The petitioners had argued that cryptocurrency was not a valid form of investment and that it was being used for illegal activities. However, the court rejected their arguments, stating that cryptocurrency is a legitimate form of investment. This decision is significant for students preparing for the CLAT and Judiciary Exam, as it involves the interpretation of financial laws and the regulation of cryptocurrency.