Indian Supreme Court Overturns RBI Crypto Ban
Supreme court ruling is hailed as a major victory by many of India’s embattled crypto exchanges
Supreme court ruling is hailed as a major victory by many of India’s embattled crypto exchanges
Will Facebook’s planned digital token, to be reportedly tested in India, violate the Indian central bank’s ban on the use of banking channels for crypto transactions? The Answer is: No.
The “Banning of Cryptocurrencies and Regulation of Official Digital Currencies Bill 2019” draft, prepared by special panel under finance secretary Subhash Garg, has been circulated to relevant government departments.
The latest move, in line with its previous statements on crypto assets, makes the RBI perhaps the only regulator to explicitly ban the new asset class from a fintech regulatory sandbox