Crypto Coin use halted by the Indian Central Bank in Supreme Court case

Crypto Coin use halted by the Indian Central Bank in Supreme Court case
фото показано с : bitcoints.com

2018-7-22 04:49

Japan Confirms Entrance Into the Crypto Space
RBI’s Argument
The Reserve Bank of India (RBI), the country’s central bank, appeared before the supreme court Friday to defend its position regarding cryptocurrencies.
RBI issued a circular on April 6 banning financial institutions under its control from providing services to crypto companies.
According to the Economic Times, the central bank told the court:

Allowing dealings in cryptocurrencies like bitcoins would encourage illegal transactions and it has already issued a circular prohibiting use of these virtual currencies.
Petitions Being Heard
Petitions against the RBI crypto banking ban are not the only ones that the supreme court is hearing.
The central bank responded at the time that it had warned people against the usage and risks associated with crypto.

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