RATE Group | Cryptocurrency exchanges write to RBI to seek clarity on status, GST
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Cryptocurrency exchanges write to RBI to seek clarity on status, GST

04 May Cryptocurrency exchanges write to RBI to seek clarity on status, GST

Posted at 07:42h in Cryptocurrency News by

The Supreme Court had in March quashed RBI’s order that prohibited entities under its purview from dealing in cryptocurrencies or providing related services.

Cryptocurrency exchanges have asked the Reserve Bank of India (RBI) for clarity on their legal status and taxability.

The platforms wrote to the central bank after lenders had refused services to them amid unclear instructions, according to a report by The Economic Times.

The Supreme Court, in March, quashed the RBI’s order that prohibited entities under its purview from dealing in cryptocurrencies or providing related services.

Also read: Cryptocurrencies open up new investment opportunity amid…

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