Court Says India’s Crypto Trade Bank Account Boycott Will Continue

Court Says India’s Crypto Trade Bank Account Boycott Will Continue
фото показано с : bitcoints.com

2018-7-3 21:52

India’s highest court has declined to end a ban enacted by the national central bank that bars the country’s crypto exchanges from doing business with regulated financial firms.
Bloomberg reported Tuesday that the Indian Supreme Court, led by Chief Justice Dipak Misra, said that the Reserve Bank of India’s (RBI) prohibition on providing services to crypto-related businesses will “remain implemented.”
It gave the banks three months to exit that market, making July 6 as the official start date for the ban, as previously reported by CoinDesk.
At the time, the Supreme Court said it would hold a hearing on July 20.
The Supreme Court fight isn’t over yet, as the July 20 hearing is still set to take place.

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