India’s Delhi High Court Refuses to Regulate Crypto in Bitbns Case

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India’s Delhi High Court has refused to regulate cryptocurrency exchanges in India, making it clear that creating crypto laws is the government’s responsibility. The decision came after a crypto investor filed a case against Indian exchange Bitbns, asking the court to introduce regulations and order an investigation into withdrawal issues.

This ruling shows that India still does not have clear crypto laws, leaving investors to depend on existing legal systems. 

Delhi High Court Rejects Investor’s Plea Against Bitbns

The case was filed by investor Rana Handa, who accused Bitbns of restricting withdrawals and manipulating asset values. Handa claimed he invested ₹14.22 lakh ($15,637) in 2021 and faced withdrawal limits, and later the platform showed the incorrect value of his Bitcoin holdings in 2025.

After filing a cybercrime complaint and receiving no response, he approached the Delhi High Court seeking regulatory action and a Central Bureau of Investigation (CBI) probe.

He accused Bitbns of financial mismanagement and asked the court to order a probe and introduce stricter crypto rules.