2018-7-3 19:04 |
Regulation
The Indian Supreme Court heard one petition against the crypto banking ban by the country’s central bank today.
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No Stay Granted by Supreme Court
The Supreme Court of India heard one petition against the crypto banking ban imposed by the Reserve Bank of India (RBI) on Tuesday, July 3.
Other than the petition by IAMAI, there are four other petitions which the Supreme Court will hear on July 20.
Wazirx’s founder and CEO, Nischal Shetty, shared with news.Bitcoin.com after Tuesday’s hearing that the Supreme Court did not grant a stay on RBI’s crypto banking ban.
Prior to Tuesday’s hearing, industry participants were hopeful that the court may grant a stay on the RBI ban.