Kerala High Court safeguards crypto users from arbitrary bank account freeze.
Justice Devan Ramachandran’s ruling emphasises public trust in the UPI system.
In a significant development for the Indian crypto community, the Kerala High Court has issued a groundbreaking directive, safeguarding the rights of bank account holders who have fallen victim to indiscriminate freezes on their accounts in cases related to cybercrimes.
The court, in its ruling, called upon banks not to freeze customer accounts based on requests from the police investigating cyber crimes but instead to withhold only the disputed amounts received through Unified Payments Interface (UPI) transactions.
The ruling, delivered by a single bench of Justice Devan Ramachandran, is poised to provide immense relief to those who have been grappling with arbitrary. And indefinite account freezes requested by law enforcement agencies across the country. The directive also commands the police to inform banks, within eight wee
We współpracy z: https://thenewscrypto.com/kerala-high-court-addresses-growing-p2p-challenges-in-india/
