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Puru BhatnagarTop Contributor
Business Analyst, Entrepreneur, Business developer, Marketer
Asked a question 4 years ago

Has supreme court remove the ban on trading of cryptocurrency in India?

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Devashish Shrivastava Top Contributor
Undergraduate student | Content Writer

No, India's Supreme Court has now permitted banks to deal with cryptographic money exchanges from trades and brokers, upsetting a prohibition on such dealings by the national bank that had come as a significant hit to the flourishing business. The Reserve Bank of India (RBI) had requested money related foundations to sever all ties with people or organizations managing in virtual cash, for example, Bitcoin inside a quarter of a year, in April 2018. The boycott prompted plunging exchange volumes and trades closing their organizations.