Libra Could Be Unbalanced by Indian Crypto Laws
Facebook reportedly has not filed an application with the RBI, which seeks to ban cryptocurrencies.
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.
Tim Draper plans to back local startups now the Indian supreme court has overturned a ban on financial services for crypto companies.
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.
The Reserve Bank of India has said in a court filing that it had "ringfenced" financial institutions from dealing with digital assets over perceived risks, but hadn't banned cryptos.