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Posts tagged as “cryptovsrbi”

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…

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…

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…