Supreme court allows trading in Cryptocurrency, cancels ban imposed by RBI  

Markus Gates

Trading 4 years ago
1 QCP
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The Supreme Court on Wednesday allowed dealing in cryptocurrency, quashing an earlier ban imposed by the Reserve Bank of India (RBI) on trading in virtual currencies such as Bitcoin.
The development came as a major relief for the sector, as the RBI ban restricted lenders from facilitating banking transactions for cryptocurrency exchanges and traders. The top court's order followed a plea by the Internet and Mobile Association of India (IMAI) objecting to the RBI ban. The industry body - whose members carried out cryptocurrency transactions among each other - had claimed the move effectively banned legitimate business activity via virtual currencies.

Here are 10 things to know:
https://www.ndtv.com/business/supreme-court-allows-trading-in-cryptocurrency-cancels-2018-ban-imposed-by-reserve-bank-of-india-rbi-2189535
  • Cryptocurrency
  • Blockchain
  • Bitcoin
  • Crypto trading