Delhi HC Refuses to Constitutionalise Private Crypto Disputes in India's Multi-Billion Dollar Market

The Delhi High Court has delivered a significant ruling on the cryptocurrency market in India, reaffirming that exchanges are private entities subject to civil and criminal laws. In dismissing multiple writ petitions filed by investors against Bitbns, the court held that constitutional remedies cannot be used to recover locked funds or direct the government to create new regulations.

The judgment emphasizes the importance of procedural discipline in a market valued at over $6 billion, where transactions have reached ₹51,180 crore. While the ruling may seem restrictive, it draws a clear institutional boundary between criminal fraud and private disputes between investors and exchanges.