Source- ccn.com The Reserve Bank of India (RBI), the central bank of the country, has told the supreme court that the institution’s decision to prohibit crypto trading should not be challenged by local businesses. In an affidavit filed with the supreme court of India, RBI stated: “The impugned circular and the impugned statement neither violate the right
Source – ndtv.com The Supreme Court has refused to overturn a central bank ban on lenders from dealing in cryptocurrencies, a move that effectively outlaws the nascent industry in Asia’s third-largest economy. A bench headed by Chief Justice Dipak Misra said the Reserve Bank of India’s directive prohibiting banks, financial institutions and other regulated institutions from
Source – inc42.com As the cryptocurrency firms, enthusiasts and organisations like IAMAImoved the various courts against the RBI circular dated April 6, the Supreme Court of India, upon hearing a related-case, has directed to club all the petitions pending across various courts in this regard. The Supreme Court has also refused to put any stay on the RBI circular, till the matter
