Supreme Court’s Crypto Twist: Why Ban Bitcoin When You Can Tax It?

In the dim corridors of justice, where the air is thick with the scent of old files and older ambitions, the Supreme Court of India—perhaps after a long lunch and a short nap—has declared that cryptocurrency, that mysterious digital beast, ought not to be banished but rather tamed with the gentle leash of regulation. One learned judge, peering over his spectacles, observed with a sigh that profits from Bitcoin are already taxed at 30%. “If the government is taking its share,” he mused, “surely it must believe in the thing’s existence.”

Thus, with a stroke of judicial wit (and perhaps a touch of resignation), the Court nudged the nation toward rules instead of prohibitions. Crypto traders everywhere exhaled—some in relief, others in confusion, and a few because they’d forgotten to breathe while checking their wallets. Regulation, it seems, is the new ban. Or perhaps, as in all things Indian, it is simply another queue to stand in. 🚦💸

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2025-05-20 09:34