Informative

Karnataka High Court Quashes KCOCA Charges Against Bitcoin Scam Accused Sirkrishna

Update / Judgement Date

09 Jul 2024

Source

Live Law

Author

Team — WCP Legal Desk

Reading Time

1 min read

Criminal Law

The Karnataka High Court has quashed charges under the Karnataka Control of Organized Crime Act (KCOCA) against accused involved in a Bitcoin scam, ruling that cryptocurrency transactions do not fall under KCOCA's purview. The court emphasized that KCOCA is meant for organized crime activities involving physical force or threats. The decision clarifies the legal framework around cryptocurrency-related offenses under Indian law

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Karnataka High Court Quashes KCOCA Charges Against Bitcoin Scam Accused Sirkrishna

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