year 2017-
18 in the case of the assessee having traded in cryptocurrency. The
information is summarized as under:
"In this case, information ... both the years, I have entered into transactions of purchase of
cryptocurrency for both the years totalling
accounts and laundering the proceeds of crime after converting the
same into cryptocurrency. Some of those accused persons got arrested, while
others slipped away ... uploading the
majority of it on PYYPL wallet for purchase of cryptocurrency. The PYYPL
provides facility of uploading money directly with the help of debit
Banning) Act, 1978,
on the basis of intelligence inputs regarding an alleged
cryptocurrency investment fraud relating to "Dykan Coin".
I. FACTUAL MATRIX ... certain accused persons,
belonging to the same family, created and promoted a
cryptocurrency token and induced members of the public to
invest money with
Banning) Act, 1978,
on the basis of intelligence inputs regarding an alleged
cryptocurrency investment fraud relating to "Dykan Coin".
I. FACTUAL MATRIX ... certain accused persons,
belonging to the same family, created and promoted a
cryptocurrency token and induced members of the public to
invest money with
Banning) Act, 1978,
on the basis of intelligence inputs regarding an alleged
cryptocurrency investment fraud relating to "Dykan Coin".
I. FACTUAL MATRIX ... certain accused persons,
belonging to the same family, created and promoted a
cryptocurrency token and induced members of the public to
invest money with
Banning) Act, 1978,
on the basis of intelligence inputs regarding an alleged
cryptocurrency investment fraud relating to "Dykan Coin".
I. FACTUAL MATRIX ... certain accused persons,
belonging to the same family, created and promoted a
cryptocurrency token and induced members of the public to
invest money with
Banning) Act, 1978,
on the basis of intelligence inputs regarding an alleged
cryptocurrency investment fraud relating to "Dykan Coin".
I. FACTUAL MATRIX ... certain accused persons,
belonging to the same family, created and promoted a
cryptocurrency token and induced members of the public to
invest money with
others
alleging their involvement in receiving fraud proceeds and
converting them into cryptocurrency through peer-to-peer
transactions on the Binance platform.
3. Heard ... innocent and has been falsely implicated and that he
participated in cryptocurrency trading through the Binance
application after completing KYC verification and carried out only
substantial
question that arises for consideration in the present case, namely,
whether cryptocurrency, in the context of the allegations forming
the subject matter of this ... absence of a
comprehensive and codified legislative framework specifically
declaring cryptocurrency as either per se legal tender or per se
prohibited instrumentality necessitate a nuanced
substantial
question that arises for consideration in the present case, namely,
whether cryptocurrency, in the context of the allegations forming
the subject matter of this ... absence of a
comprehensive and codified legislative framework specifically
declaring cryptocurrency as either per se legal tender or per se
prohibited instrumentality necessitate a nuanced
