A representative of the Reserve Bank of India stated this in court, where the issue of the constitutionality of the orders of this bank to financial institutions of the country is decided not to provide any support to cryptocurrency exchanges and cryptocurrency exchange points. As a result, cryptocurrency exchanges and exchangers were forced to close. Despite the statements that these measures were taken to protect financial institutions from possible risks in working with cryptocurrency and did not aim to prohibit cryptocurrency, such an order should nevertheless be regarded as its actual prohibition.
This lawsuit has been going on for too long and the population of India is deprived of the opportunity to fully engage in cryptocurrency.