NEW DELHI: BJP MP Nishikant Dubey Monday alleged that Supreme Court tends to intervene in matters where it shouldn’t as he cited the adjudication in matters related to cryptocurrency, and online gaming and betting.
Participating in debate on finance bill in Lok Sabha, the MP said the two things attract the youth but are dangerous for the country. “When Shaktikanta Das was RBI governor, he repeatedly said cryptocurrency is not a legal tender. However, in India, even SC tends to intervene in matters where it shouldn’t. As a result, cryptocurrency exchanges continue to operate, and transactions keep happening,” Dubey said.
He said despite Das’s statement, SC gave its judgement, while black money kept flowing out and use of cryptocurrency, which is “not a legal tender”, remained. “That is why, even before this Budget, and in this Budget as well, provisions have been made to deduct a portion of investments in cryptocurrency and digital currency, and impose a tax on them,” he added.
Dubey said the second issue is online gaming and betting. “There is no village or city where youths have not been driven to suicide due to these platforms or where parents’ hard-earned money is not being drained into betting. State govts have been concerned, and Centre has tried to take significant action, but then Supreme Court intervened again,” he said.
“It ruled that betting and gaming are different, stating that gaming involves skill. Based on this ruling, govt is now compelled and unable to take strict action,” he said.