Lawyer moves Calcutta HC seeking regulation on Bitcoin
Bivas Chatterjee, an advocate and cyberlaw expert, has filed a public interest litigation in the Calcutta High Court seeking state regulation over cryptocurrencies like Bitcoin. Chatterjee alleged that unlawful activities are being facilitated by use of cryptocurrencies. "This is a gigantic ponzi scam but our government agencies are sitting in the gallery and watching it unfold," he alleged.