Indian High Court to Hear Case Against Central Bank Crypto Ban
The High Court of Delhi has recognized a petition over the Reserve Bank of India's ban on banks engaging with cryptocurrency services.
India's central bank has formed a new unit within the organization to tackle research and regulatory frameworks for blockchain and cryptocurrency.
A Supreme Court decision on the Reserve Bank of India's efforts to bar crypto firms from receiving banking services has been pushed to September.
Indian regulators' clampdown on crypto firms is forcing exchange Unocoin to experiment with ATMs and stablecoins to continue receiving fiat deposits.
The RBI has responded to a query about why it moved to block banks from dealing with crypto businesses earlier this year.
The Supreme Court of India has decided to hear crypto-related cases with respect to the news from RBI stopping banks from dealing with cryptos.