NCDRC Dismisses ₹2000 Crore Hack Lawsuit Against WazirX

The post NCDRC Dismisses ₹2000 Crore Hack Lawsuit Against WazirX appeared first on Coinpedia Fintech News

The National Consumer Disputes Redressal Commission (NCDRC) has dismissed a lawsuit filed against WazirX over a ₹2000 crore hack. The court ruled that there is no established legal framework for cryptocurrency-related issues in India. As a result, the case against the crypto exchange was thrown out, highlighting the regulatory gap surrounding cryptocurrency in the country. This decision marks a significant moment in the ongoing debate over crypto regulations in India.