Delhi court notice to CERT, crypto platform on plea seeking ban on futures trading in cryptocurrencies

The plea has sought a declaration that forward-contracting of cryptocurrencies without any actual physical delivery amounts to a wagering contract and is, therefore, void under Section 30 of Indian Contract Act, 1872.
Delhi court notice to CERT, crypto platform on plea seeking ban on futures trading in cryptocurrencies

A Delhi court recently issued notice to a crypto trading platform in a plea seeking a ban on derivatives-trading in cryptocurrencies conducted by a Caribbean-based firm named Saledo Global LLC [Vidyut Kayarkar v Saledo Global LLC and Ors].

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