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🧵 5. Expectations rise as the Supreme Court's demand for cryptocurrency regulations puts pressure on the Indian government to address the cryptocurrency industry.

🧵 4. Supreme Court pushes the government for positive action on cryptocurrency, signaling a potential shift in India's stance towards crypto.

🧵 3. The Indian Supreme Court emphasizes that the responsibility of regulating cryptocurrency lies with the central government, urging the formulation of rules and regulations.

🧵 2. The Supreme Court questions the arrest of an individual involved in crypto fraud, pointing out the lack of guidelines and expert panels.