Courtroom Battle Heats Up As India’s Central Bank Tries to Defend Crypto Ban

From dailyhodl.com

Following the final day of formal hearings in India regarding the central bank’s ban on businesses and individuals that transact Bitcoin and other cryptocurrencies, the supreme court has decided to rehear arguments on September 25th, leaving the door open to a new stance on digital assets. The Reserve Bank of India (RBI) has now been granted time to reconsider the crackdown on crypto it initiated in April 2018 when it released a circular prohibiting regulated entities such as banks and financial institutions from servicing crypto clients. According to Justice Nariman, “Exchanges are not asking to uplift the ban ... (full story)