RATE Group | By cancelling RBI’s 218 circular, SC grants trading in cryptocurrency
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By cancelling RBI’s 218 circular, SC grants trading in cryptocurrency

04 Mar By cancelling RBI’s 218 circular, SC grants trading in cryptocurrency

Posted at 12:26h in Cryptocurrency News by

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(G.N.S) Dt. 4 New Delhi/Mumbai Supreme Court on Wednesday allowed a plea challenging the Reserve Bank of India’s (RBI’s) 2018 circular which barred banks from trading in cryptocurrencies. “Trading in cryptocurrencies now will be allowed,” the top court noted. In April 2018, the RBI had issued a circular barring banking and financial services from dealing in virtual currency or cryptocurrency such as Bitcoin, most valued cryptocurrency in the world.

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