RATE Group | How India’s Reversal of Its “Bitcoin Ban” Could Be Huge for Ripple’s XRP
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How India’s Reversal of Its “Bitcoin Ban” Could Be Huge for Ripple’s XRP

How India’s Reversal of Its “Bitcoin Ban” Could Be Huge for Ripple’s XRP

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Earlier today, India’s Supreme Court reversed a ban against Bitcoin, Ripple’s XRP, and other cryptocurrencies. While this is a huge development for all digital assets — from the market leaders to the small altcoins that few know of — some are saying this ruling could have an outsized effect on XRP, which has been struggling in terms of price action over the past year and more.

India Reverses Key Anti-Crypto Regulation

For those who missed the memo, first, a quick recap: on Wednesday, India’s top court struck down a directive from the Reserve Bank of India that banned banks from offering services to those that dabble in cryptocurrency, whether it be Bitcoin or XRP or otherwise.

Vaibhav Kakkar, a partner at law firm L&L Partners explained to Bloomberg on the matter:

“With this order, there is a likelihood of…

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