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A lawyer’s preliminary analysis of Supreme Court Judgment on RBI vs Crypto

Essentially after the Supreme Court Judgment it appears, there is still need to develop more technical literature on the subject matter and therein lies an open opportunity to reBuild, reEducate, reIgnite, reMeet, reLearn from the previous experiences of successes and failures and build a more robust and engaging environment for non traders to enter, student to experience and tech enthusiasts to build in this Industry. The 2 year long skeptical…

Big Win For Crypto Community in India as Supreme Court quashes Banking Ban by RBI

The Reserve Bank of India in April 2018 pushed a circular that prohibited banks and other entities from servicing companies or individuals dealing in Cryptocurrrencies. India’s top court has said this circular aka ‘Banking Ban’ has failed the test of proportionality. India’s Crypto Community can rejoice today as the Supreme Court has quashed the Reserve Bank of India’s ‘Banking Ban’. Crypto exchanges and individuals will now be able open bank…

We have to Wait Longer for Supreme Court Judgment on RBI Vs Crypto

Update: Supreme Court has Quashed the RBI circular on March 04. 2020, deeming it unconstitutional. Almost 2 years after the Reserve Bank of India put a Banking restriction on Crypto Businesses and traders, all eyes are on Supreme Court to decide whether that move remains valid or not. The arguments concluded on January 28, and the judgment has been reserved by the three judge bench since. On January 28, 2020…

Supreme Court to Hear Entire Argument for Crypto Vs RBI Case Again

Update: Supreme Court has Quashed the RBI circular on March 04. 2020, deeming it unconstitutional. The three judge bench on Tuesday said they want to hear the entire Crypto Vs RBI matter from the beginning. Ashim Sood, counsel representing IAMAI argued for a few minutes before the Court adjourned for the day. After several adjournments, the most awaited trial in India for the Crypto Community finally reached hearing on Tuesday,…

You need to Respond to IAMAI Point by Point: Supreme Court Directs RBI, gives two weeks

Update: Supreme Court has Quashed the RBI circular on March 04. 2020, deeming it unconstitutional. In the latest hearing for Crypto vs RBI, the supreme court has directed RBI to respond to representation made by IAMAI back in May 2018, point by point. The court noted that RBI had simply forwarded the representation to the inter ministerial committee instead of addressing the points raised by IAMAI. The next hearing date…

August 20: Crypto Matter Supreme Court Hearing Summary

Counsels of IAMAI, Crypto Exchanges and the RBI presented their arguments in Supreme Court today regarding the central bank’s circular to ban banks from supporting business and individuals dealing in Crypto. The court was adjourned for the day, to be heard on Wednesday August 21. Update: Earlier this article carried updates from the pre-lunch session. Now it has been updated with the full hearing details. The session started around 11…

Crypto Vs RBI: IAMAI Argues on Legality of RBI Banking Ban in Supreme Court

In the second day of hearing, for Crypto Vs RBI’s Banking Ban, IAMAI’s counsels continued to argue on why RBI’s diktat is not legal or constitutional. The case was adjourned for the day, and will be heard next on August 20, 2019. From deeming the RBI bill unconstitutional to explaining the judges how Bitcoin and Distributed Ledger Technology works, Ashim Sood, the counsel representing IAMAI in court seemed to be…

India’s Supreme Court is currently Learning What is Bitcoin and Distributed Ledger Technology

Update: Supreme Court has Quashed the RBI circular on March 04. 2020, deeming it unconstitutional. The Supreme Court of India is hearing arguments in a trial of Cryptocurrency community vs Reserve Bank of India. The later has put a ban on all the regulated entities such as Banks, NBFCs, etc to not support any individual or businesses that are dealing in Crypto assets. The fight is for the banking rights…

Supreme Court Hearing today in the Battle for Banking Rights of Crypto Community in India

Update: The hearing has ended on August 14, the case will further be heard on August 20, 2019. Today arguments continued from IAMAI’s counsel. We may hear RBI’s side in the next hearing. Supreme Court of India will continue to hear the RBI vs Crypto matter today. Last week, IAMAI’s counsel made cogent arguments against the RBI Diktat from April 2018. Central Bank’s Counsel may rebuttal today. Battle For Banking…

Supreme Court Hears Arguments against RBI’s Banking Restrictions for Cryptocurrencies in India

Honourable Supreme Court earlier today moved Rohan Bhowmick and Siddharth Dalmia’s petitions against Union of India regarding Crypto regulations to January 2020. However, the petition by IAMAI against the RBI’s Banking Restrictions was heard in court today. The next hearing date is August 14, 2019. Supreme Court of India heard the case of IAMAI against RBI’s Banking restrictions on Thursday, Aug 8. Multiple petitions in the court were clubbed together…