新德里 - 最高法院周一因其长期不采取行动而在印度的加密货币方面延长了中央政府，尤其是比特币

这些观察结果是在听证会上关于Shailesh Babulal Bhatt的保释请求听证会，后者因涉嫌参与非法比特币交易而被捕。

The Supreme Court on Monday pulled up the Central Government for its prolonged inaction in regulating cryptocurrencies in India, particularly Bitcoin.

最高法院周一因其在监管印度的加密货币（尤其是比特币）方面长期不采取行动而撤消了中央政府。

A bench, comprising Justices Surya Kant and N. Kotiswar Singh, observed that the current situation—where no clear policy or regulatory regime exists—makes Bitcoin trading look like a sophisticated version of the Hawala system.

由大法官Surya Kant和N. Kotiswar Singh组成的长凳指出，目前的情况（不存在明确的政策或监管制度）使比特币交易看起来像Hawala系统的复杂版本。

The observations came during a hearing on the bail plea of Shailesh Babulal Bhatt, who was arrested by the Gujarat Police and the Enforcement Directorate (ED) for alleged involvement in illegal Bitcoin transactions. The bench noted that it had earlier asked the Centre to clarify its stand on virtual currencies, but no framework has yet been presented to the court.

这些观察是在听证会上关于Shailesh Babulal Bhatt的保释请求听证会，后者被古吉拉特邦警察和执法局（ED）逮捕，原因是据称涉嫌参与非法比特币交易。替补席指出，它早些时候要求该中心澄清其在虚拟货币上的立场，但尚未将框架提交给法院。

“You see, trading in Bitcoin in India is like dealing with a refined way of Hawala business. There are no regulations at present. I have a limited technical understanding of Bitcoin. They say it’s like a token—if you have Bitcoins, you can buy goods in other countries. But the government has to quickly decide on a policy for regulating this industry,” Justice Surya Kant remarked.

“您会发现，印度在比特币进行交易就像处理一种精致的Hawala业务方式。目前尚无法规。我对比特币的技术理解有限。他们说这就像一个代币一样，如果您拥有比特币，如果您可以在其他国家 /地区购买商品。但是政府必须迅速决定规范这一行业的政策，” Surya kant equandy kent of Surya kant of Surya kant of Surya kant of。

Senior Advocate Mukul Rohatgi, appearing for Bhatt, argued that Bitcoin trading is not illegal, citing the 2020 Supreme Court ruling that struck down the RBI’s circular banning banking services for crypto exchanges. He added, “Bitcoin has enormous value; on Sunday, it was worth ₹82 lakh,” while also conceding his limited grasp of crypto mechanics.

出现在巴特（Bhatt）的高级倡导者穆库尔·罗哈特吉（Mukul Rohatgi）辩称，比特币交易不是非法的，理由是2020年最高法院的裁决驳回了印度储备银行（RBI）的循环禁止银行服务以进行加密货币交易所。他补充说：“比特币具有巨大的价值；在周日，价值820万卢比”，同时也承认了他对加密力学的有限掌握。

To which, Justice Kant responded, “All I understand is there are some genuine Bitcoins and some fake ones. If there was a regulatory regime, such issues would not arise.”

康德大法官回答说：“我了解的只是有一些真正的比特币和一些假的比特币。如果有监管制度，就不会出现此类问题。”

The apex court had earlier granted 10 days to the Gujarat Police and the ED to submit their response to Bhatt’s bail plea, listing the matter for hearing on May 19.

最高法院早些时候已向古吉拉特邦警察局授予10天的授予，并提交对巴特的保释请求的回应，并于5月19日列出了审理案件。

Bhatt, who has been in custody since August 14, 2023, is challenging the February 25, 2025, Gujarat High Court order denying him bail. He claims he is being wrongfully incarcerated despite the lack of regulatory clarity on cryptocurrency trade in India.

自2023年8月14日以来一直被拘留的巴特（Bhatt）挑战2025年2月25日，古吉拉特邦高等法院命令拒绝他保释。他声称，尽管对印度的加密货币贸易缺乏监管清晰度，但他仍被错误监禁。

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The case once again underscores India’s regulatory vacuum on cryptocurrency. Back in January 2024, the Centre informed the apex court that it was still deliberating on creating a legal mechanism for regulating crypto assets and on offenses to be investigated by the police and the CBI.

该案再次强调了印度对加密货币的监管真空。早在2024年1月，该中心告诉最高法院，它仍在审议建立一种法律机制来规范加密资产的法律机制以及警方和CBI对犯罪进行调查。

It’s worth noting that as far back as February 2022, the Supreme Court had asked the Centre to specify whether cryptocurrency trading was legal in India—especially concerning Bitcoin and other virtual currencies used in high-risk investments. The absence of a clear framework has led to conflicting interpretations of legality, often leaving law enforcement and investors in a state of uncertainty.

值得注意的是，早在2022年2月，最高法院就要求该中心指定加密货币交易在印度是否合法，尤其是关于比特币和其他用于高风险投资的虚拟货币。缺乏明确的框架导致对合法性的解释矛盾，经常使执法和投资者处于不确定性状态。

The apex court’s observations on Monday come at a critical juncture as it underscores the urgent need for the government to present a long-pending policy and protect citizens from financial exploitation in the crypto space.

最高法院周一的观察结果处于关键关键时刻，这强调了政府迫切需要提出长期悬而未决的政策，并保护公民免受加密货币领域的财务剥削。