After Supreme Court verdict on cryptocurrency, experts call for regulation

Otherwise, illegal or dubba trading will continue to flourish

As crypto exchanges in the country gear up to relaunch trading after last week’s Supreme Court judgment, many industry experts are calling for regulation to check misuse and bring all trades on record.

The absence of regulation and lack of facilities to invest through the normal channel have resulted in dubba trading (illegal trading) flourishing. 

Some big cities, including Ahmedabad and Surat, have seen a sharp rise in dabba trading. Banning it will ensure use of more illegal channels.

In last two years, after the Reserve Bank of India (RBI) banned banks from trading in cryptocurrencies, illegal channels have prospered.