RATE Group | Indian Supreme Court Rules in Favor of Cryptocurrency — RBI Ban Lifted
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Indian Supreme Court Rules in Favor of Cryptocurrency — RBI Ban Lifted

04 Mar Indian Supreme Court Rules in Favor of Cryptocurrency — RBI Ban Lifted

Posted at 06:56h in Bitcoin News by

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Indian Supreme Court Rules in Favor of Cryptocurrency — RBI Ban Lifted

A historic day for the Indian crypto community, the supreme court has finally ruled on the case against the banking ban by the central bank, the Reserve Bank of India (RBI). The court held that the RBI circular which places a banking ban on the crypto industry is unconstitutional.

Also read: Hearing Concluded — Indian Supreme Court Reserves Judgment on Crypto vs RBI Case

Supreme Court Rules: Big Win for Indian Crypto Community

On Wednesday, the Supreme Court of India finally ruled on the case against the banking ban by the Reserve Bank of India, local news platform Crypto Kanoon reported from the courtroom. “The Judgment Day has finally arrived,” the team wrote, tweeting at 10:45 a.m. (Indian Standard Time):

Breaking: Supreme Court of India has struck off Reserve Bank of India’s (RBI) banking ban against crypto. The court held that RBI circular dated 6th April 2018 is unconstitutional.

The supreme court concluded hearing the arguments against…

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