replaces trust in people or institutions with
trust in technology.
13. Bitcoin, the first and most popular crypto currency,
represented the breakthrough idea of creating ... allows
value to be transferred without relying on banks or governments. Yet,
Bitcoin’s decentralised and semi-anonymous nature has also made it
popular among
Criminal Procedure Code, to direct the
respondent to convert the bitcoins numbering 8.2177 seized by the
respondent vide ECIR No.ECIR/MDSCO/24/2021, dated ... Court, cognizance was taken in C.C.No.1
of 2023. The bitcoins possessed by the petitioners herein were attached
by the Enforcement Directorate under
Criminal Procedure Code, to direct the respondent to convert the
bitcoins numbering 8.2177 seized by the respondent vide ECIR
No.ECIR/MDSZO/24/2021, dated ... Court, cognizance was
taken in C.C.No.1 of 2023. The bitcoins possessed by the petitioners herein were
Piyush Bokaria vs Reserve Bank Of India on 30 September, 2020
Bench: A.P.Sahi
users, of large gains against investment by investing in mining
machines for Bitcoin and other crypto currencies. The investors were assured
that their invested money
others stating that he would double the money by
purchasing Bitcoin (Cryptocurrency) and also investing in share market.
Believing the words of the present petitioner ... promised
them that the said amount would be doubled by purchasing Bitcoin and
investing in share market. Three witnesses have already been examined
accused persons have invested part of the cheated amount in
cryptocurrency like bitcoin, that since cryptocurrency and bitcoin are not
regulated in our country, they
name It was Muralikrishnan, her deceased husband
who was in to bitcoin, gambling loss huge money and later he committed
suicide. He had left
allegedly used to purchase property and for cheating other claimants in a Bitcoin
investment scheme. The respondents have initiated proceedings under the TNPID
When we questioned Selvakumar, he frankly stated that
he got addicted to bitcoin game and had pledged his wife's jewels
