some unknown house; he was assaulted for three hours; all the cryptocurrency in his crypto account was withdrawn and transferred by the accused persons ... police. The applicant and the victim both used to deal in cryptocurrency and indulged in online transaction. The drama of kidnapping was enacted to frame
they issued instructions for the transfer
of funds in the form of cryptocurrency, gift cards and wire transfers,
among other methods, .all designed to preserve ... exploited the crypto accounts of KYC-verified users who were
registered on cryptocurrency exchange platforms. This strategic
manoeuvre allowed them to easily liquidate
allegations that the
accused has represented that he was also dealing in cryptocurrency, in
which, he claimed the complainants funds could be invested ... Further, the allegation that the
accused may have dealt with investments in cryptocurrency or stock
trading should have also been investigated, including, by checking
whether
illegal gaming applications and
through such process diverted the money into cryptocurrency.
Petitioner has also been booked under PMLA. He does not
stand ... organised racket of running illegal gaming
applications and converting fiat currency into cryptocurrency.
2
A large volume of fiat currency to the tune
leading financial
companies providing services related to monetary affairs, cryptocurrency
exchange services, brokerage services, financial consultancy and, advisory
services in India. It is submitted that ... same was
a platform for buying, selling, trading and, transferring cryptocurrencies.
Thereafter, in 2022, the Plaintiff developed a cryptocurrency exchange
platform under the mark/name
towards transfer of the USDT
cryptocurrency.
Signature Not Verified
Digitally Signed
By:RAHUL
Signing Date:07.03.2023
17:24:47
5. The issue in respect ... rise in the present case as
the transaction in question relates to cryptocurrency.
6. Ld. counsel for the Respondent No. 1 wishes to seek instructions
Paypal Payments Private Limited vs Financial Intelligence Unit India & ... on 24 July, 2023
Author
First Adoption January 2022 October
2022
3 Goods/Services provided Cryptocurrency Cryptocurre
Exchange ncy
Exchange
4 Earliest Trade Mark
application/registration 2022 in the name
bind the applicant.
12. The article “10 Things Judges Should Know About
Cryptocurrency,” written by Lee Reiners at Duke Law School,
explains
Crypto App used for online buying, selling and
trading of cryptocurrency.
-4-
NC: 2023:KHC:34553
WP No. 11565 of 2023
3. The petitioner
