Trading in Bitcoin in India is refined way of doing Hawala business: SC

The Supreme Court on Monday said trading in Bitcoin in India is like “dealing with a refined way of Hawala business” as it lamented that the Centre has till now not come out with a clear regime on regulating virtual currency.

A bench of Justices Surya Kant and N Kotiswar Singh made the remarks while dealing with a bail application of Shailesh Babulal Bhatt who was arrested by the police for alleged illegal Bitcoin trade.