RATE Group | India’s Supreme Court Just Made an Extremely Bullish Ruling For Bitcoin
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India’s Supreme Court Just Made an Extremely Bullish Ruling For Bitcoin

04 Mar India’s Supreme Court Just Made an Extremely Bullish Ruling For Bitcoin

Posted at 08:58h in Bitcoin News by

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India’s Supreme Court just struck down a central bank directive that effectively banned Bitcoin and other cryptocurrencies in India, Bloomberg has reported just minutes ago as of the time of this article’s writing.

The price of BTC and other cryptocurrencies have been seemingly unaffected by this decision, with prices remaining effectively stagnant in the past 24 hours.

India’s Supreme Court (Effectively) Unbans Bitcoin & Crypto

Per excerpts of the Bloomberg article shared by Three Arrows Capital’s Su Zhu, judges today ruled that the Reserve Bank of India was wrong in banning banks from offering services to those that dabble in cryptocurrency.

Commenting on this decision, Joe McCann, a prominent cryptocurrency analyst and an AI/cloud specialist at Microsoft said in a message published to his Telegram channel:

“If…

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