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Indian Exchange Founders Take to Twitter After Supreme Court Decision

We are awaiting the official court order on today’s petition for a stay against RBI’s virtual trading ban. We already know that the stay was not granted and hence the effective dates for banks to end their relationship with crypto trading exchanges is July 5, 2018.

But, the founders of some exchanges or the exchanges themselves have take it to twitter to explain their stance on the decision.


Zebpay’s founder Sandeep Goenka has clarified that the SC has given 7 days to RBI to furnish more details while the case has now been merged with the July 20 hearing.


Sohail Merchant was one of the first ones to react on twitter. Pocketsbits founder is promising to continue to offer INR withdrawals, albeit unsure of deposits.

Furthermore he shared some positives from today’s hearing


WazirX’s Siddharth Menon also shared his take on the case. Overall a very positive outlook

Similarly, the exchange’s co-founder Nischal Shetty shared his thoughts as well.

We will update the article as more founders come forward with their thoughts on twitter. 

Read More:

Twitter Handles of Co-Founders of Popular Crypto Exchanges


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