A Currency Without Borders, A Crime Without Face: Rethinking Law And Policy For Crypto Governance
- IJLLR Journal
- Nov 4, 2025
- 1 min read
Isha Agarwal, Symbiosis Law School, Noida
ABSTRACT
Emerging cryptocurrencies have disrupted financial ecosystems worldwide and have provided decentralised systems to replace traditional banking systems. The extensive use of cryptocurrencies in India has increased through high rates of digitalisation and accelerated fintech activity during the COVID-19 pandemic. Nonetheless, these assets' decentralised and anonymous nature has also fostered an explosion in cybercrimes such as money laundering, Ponzi schemes, dark-net purchases, and cross-border frauds such as pig butchering and crypto drainers. This research critically analyses the technological, legal and regulatory intricacies of cryptocurrency crimes in India, noting weaknesses in the system and the obstacles to enforcement. It then examines the national and international legal response, the responsibility of exchanges and intermediaries, and proposes effective regulatory reforms. India is balancing innovation with enforcement, making a flexible, harmonised legal framework aligned with global best practices essential for curbing misuse and ensuring safe crypto adoption.
Keywords: Cryptocurrency, Cybercrime, Money Laundering, Legal Regulation, Blockchain Technology
