NCDRC Dismisses 2000 Crore Hack Lawsuit Against WazirX
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The National Consumer Disputes Redressal Commission (NCDRC) has dismissed a lawsuit filed against WazirX over a 2000 crore hack. The court ruled that there is no established legal framework for cryptocurrency-related issues in India. As a result, the case against the crypto exchange was thrown out, highlighting the regulatory gap surrounding cryptocurrency in the country. This decision marks a significant moment in the ongoing debate over crypto regulations in India.
Text source: Coinpedia – Fintech & Cryptocurreny News Media| Cr
