印度加密监管空白引发维权困局:法院驳回投资者诉求,资金冻结争议升级

2月25日消息,Delhi High Court近日驳回了一批加密货币投资者针对某加密平台提起的诉讼请求。法官 Prushaindra Kumar Kaurav 指出,该平台属于私营公司范畴,不符合宪法第12条中“国家”实体的定义,因此无法依据第226条进行司法干预,相关请愿在法律层面缺乏可受理基础。

此次诉讼由 Rana Handa、Aditya Malhotra 等投资者发起,请求法院加强对加密平台的监管,并要求指示CBI或特别调查组介入调查,同时解冻被指受限的用户资金。然而法院明确表示,下令刑事调查属于极为特殊情形,且部分投诉甚至尚未完成立案(FIR)程序,尚不足以触发强制调查机制。

案件争议核心在于提款受限问题。多名用户称自2025年以来难以从平台提取资金,并出现账户估值差异及限额调整等情况。Rana Handa 向法庭表示,其自2021年投入约142.2万卢比,但后续遭遇持续的提现障碍,引发对平台流动性与合规性的广泛质疑。受影响投资者曾通过国家网络犯罪门户申诉,最终转向司法途径维权。

法院同时强调,加密货币监管框架属于立法与政策事务,应由议会及监管机构如RBI和SEBI制定,而非司法机关主动构建规则。在缺乏明确法规的背景下,法院更倾向于引导当事人通过民事诉讼、消费者投诉或向警方报案等传统法律路径解决纠纷。

从行业视角看,该裁决凸显了印度加密监管体系尚未成型所带来的法律灰区。对于遭遇资金冻结、提现困难或平台纠纷的加密投资者而言,通过宪法诉讼获取快速救济的难度显著提升。法律专家普遍认为,此判决遵循既有宪法原则,但也进一步放大了“加密资产监管缺失”“投资者资金安全风险”“加密平台合规审查”等市场关注焦点,预计相关立法讨论与监管政策博弈将在2026年持续升温。

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