India Supreme Court Seeks Government Opinion on Cryptocurrency in Next Two Weeks

[fitload]

The Supreme Court of India has asked the government to clarify its stand on the matter of cryptocurrencies and to share its view on cryptocurrency within two weeks.

According to the article, published by The Economic Times, the court has received multiple petitions from cryptocurrency exchanges challenging an April decision by the Reserve Bank of India (RBI).

The court held a hearing on Thursday on a number of petitions filed by local cryptocurrency exchanges, as well as the Internet & Mobile Association of India (IAMAI), over the Reserve Bank of India’s (RBI) order banning domestic banks from providing services to crypto firms.

Nischal Shetty, founder, and CEO of Indian crypto exchange WazirX tweeted that the court has asked the Indian government to share its opinion on the matter. He included in his tweet that the Indian government will be filing an affidavit related to the findings of the crypto...

Read More: https://news.bitzamp.com/india-supreme-court-seeks-government-opinion-on-cryptocurrency-in-next-two-weeks/