New Delhi, April 13 -- The Delhi High Court on February 11 disposed of a petition that sought the intervention from Court regarding an alleged financial crisis impacting users of BitBNS, a major cryptocurrency exchange in India.

In its order the High court said that there does not seem to be sufficient material placed on record warranting the constitution of a Special Investigation Team. There is no material indicating any exceptional circumstance. The court said that there is no F.I.R. registered at the instance of the petitioner.

The court further said, the petitioner may not only take recourse to lodging of an F.I.R., but can also approach the jurisdictional Magistrate in accordance with law. The court also stated that cryptocurrency...