RATE Group | Supreme Court of India announced postponement of cryptocurrency bank hearing
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Supreme Court of India announced postponement of cryptocurrency bank hearing

17 Oct Supreme Court of India announced postponement of cryptocurrency bank hearing

Posted at 10:05h in Cryptocurrency News by

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  • The Supreme Court of India has announced the postponement of a cryptocurrency hearing
  • That would consider the Reserve Bank of India’s (RBI) ban on providing services to cryptocurrency-related business. 

There was a legal session on the ban which prohibits banks and financial institutions from providing digital currency-related services; the court has now changed the date of the next hearing to Nov. 12. T

The date was further extended to Nov. 19 due to national holidays in India, which fall on the initial set date. 

As a recap, the Reserve Bank of India against cryptocurrencies In late August. The Supreme Court slammed the country’s central bank over its handling of the cryptocurrency business ban and ordered it to address complaints, giving the bank two weeks to justify it.

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