India’s Supreme Court Ruling Is a Win for the Whole Blockchain Industry
With India's Supreme Court overturning a ban on cryptocurrencies, the blockchain industry has a large new resource of customers and developers.
Reserve Bank of India Governor Shaktikanta Das said he expects the government to "take a call" on cryptocurrencies.
Both nations hope to prevent banks from providing services to crypto companies.
RBI's circular comes as Indian banks warn customers against using their services for crypto trading.
India's crypto industry shows potential, but it continues to be held back by a lack of regulatory clarity, particularly around exchange-banking relationships.
An only-partial court victory and the possibility of legislation banning crypto mean the industry’s legal status in India remains vulnerable.