Indian Supreme Court Denies Grant of Injunction Against RBI

Crypto Kanoon is a group of lawyers active in the space concerned with regulatory analysis and legal awareness. They’ve been particular watchful of goings on regarding India’s central bank, RBI, and its recent circular demanding banks it serves shut down any business with cryptocurrency companies.

Through a petition challenging the RBI ban, enthusiasts hoped by this week to see some relief at the country’s highest court. And it was just such a move crypto advocates were hoping would be followed during the petition’s consideration: allow banks to continue serving cryptocurrency clients as they had prior to the RBI ban.

And 24 th July another case fild in Delhi high court for the EXCHANGE of BITCOIN.
Whatever the case, May promises to be a critical month for India’s crypto community.

Do you think India’s Supreme Court will overturn the RBI ban? Let us know in the comments section below.

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