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Reserve Bank of India’s Crypto Ban in Effect Until September 11
RBI’s Crypto Ban in Effect Until September 11 as Supreme Court Moves Final Decision Date

On Friday, July 20, India’s Supreme Court had to judge the petition against the central bank’s cryptocurrency-related ban. However, the court hasn’t reached any decision yet as it moved the hearing’s date to September 11. In April, the Reserve Bank of India (RBI) required all local banks to halt the operations of all crypto-related accounts by July 2018.
At the end of May, we reported that the Supreme Court had to deal with five petitions against RBI’s decision. Notable petitioners are the Internet and Mobile Association of India (IAMAI) and the Ahmedabad-based crypto firm Kali Digital Eco-Systems.

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