08 Mar India Ban Overturned, BTC Owners Warned They’ll Lose Everything, Hodler’s Digest, Mar. 2…
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India’s Supreme Court overturns controversial ban on banks servicing crypto firms
There’s a lot to chew concerning movements in the crypto markets, but the first story is of a different kind. A controversial ban that prohibited banks from dealing with crypto-related companies in India has been overturned by the country’s Supreme Court. The Reserve Bank of India’s sudden move in April 2018 had proved calamitous for local businesses, with several exchanges closing because of the uncertainty. Three judges decided to strike down the ban on Wednesday — with the RBI speedily announcing plans to challenge the decision, fearful that the ruling could put India’s banking system at risk. It took less…
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