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Most Awaited Indian Cryptocurrency Case Turns Optimistic – Cryptocurrency Regulation

16 Jan Most Awaited Indian Cryptocurrency Case Turns Optimistic – Cryptocurrency Regulation

Posted at 22:45h in Cryptocurrency News by

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Indian Cryptocurrency Case Turns Optimistic

After a series of adjournments, the Indian Crypto vs Reserve Bank Of India (RBI) case is being heard by a fresh 3-judge bench. The hearing started on 14th January as the Supreme Court of India resumed the session post the winter break. Unlike the last couple of hearings, judges want to take their time.

Today happens to be the third day of the cryptocurrency trial, the start of which was slightly disappointing. The Crypto Vs RBI Case was supposed to be the first matter to be discussed on 14th Jan. But it was pushed down the queue.

The dismayed crypto enthusiasts speculated about a new hearing date. To everyone’s surprise, the Crypto Vs RBI case hearing started in the second half of the day. The judges pointed out that this is due to the fact that the trial is a lengthy one. Thus, it could have blocked other important matters. To avoid such a scenario, the case was pushed to the afternoon session.

IAMAI counsel Ashim Sood opened the case by pointing out the drawbacks of the draft…

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