India’s Supreme Court Lifts Banking Ban on Crypto Exchanges
The Supreme Court of India has ruled against a decision imposed by the country's central bank nearly two years ago that stifled crypto trading in Asia's third-largest economy.
India's commercial banks can indeed provide banking services to traders and firms dealing in cryptocurrencies, the RBI has clarified.
Tim Draper plans to back local startups now the Indian supreme court has overturned a ban on financial services for crypto companies.
Talk that India might be considering a new ban on crypto may be premature, said exchange founders and startup CEOs working in the sector.
The Reserve Bank of India reportedly plans to return to the supreme court to ask for a review of a ruling that overturned its ban on banking access for crypto firms.
Mumbai-based CoinDCX became the first platform in India to fully integrate bank account transfers.