The attachment order, issued on August 2, 2025, includes 18 immovable properties in Delhi and multiple bank account credits, following an ongoing money laundering investigation linked to a sophisticated cyber scam involving a spoofed version of the crypto exchange Coinbase.
Dubey highlighted concerns about cryptocurrency, pointing out that Reserve Bank of India (RBI) Governor Shaktikanta Das has consistently stated that cryptocurrencies are not legal tender. Despite this stance, the Supreme Court ruled against restrictions on cryptocurrency exchanges, allowing them to continue operations.
Cryptocurrency trading is surging in India, with increasing participation from smaller cities, despite regulatory uncertainties and steep taxes. Many young Indians are turning to crypto markets as an alternative source
RBI Governor Shaktikanta Das has expressed willingness to provide technical support to countries interested in setting unified international standards for cross-border payment systems. This aligns with India's efforts to promote interoperability and efficiency in global financial transactions.
Shaktikanta Das warned that widespread adoption of cryptocurrencies could undermine the RBI’s control over the economy, particularly with regard to money supply and inflation control.
