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??Out Of Control ?? Latest Crypto Market News Updates Today ??Virtual digital assets (VDAs) currently lack full regulatory recognition as an asset class in India. There have been piecemeal attempts to. Crypto assets are currently unregulated in India. Frauds relating to crypto are dealt with under extant laws against fraud and cyber crime. (�Coinbase�), was sentenced by U.S. District Judge Loretta A. Preska to two years in prison for providing Coinbase's confidential business.