India Lifts Ban on Cryptocurrency Trading
March 4th, 2020Via: Techcrunch:
India’s Supreme Court on Wednesday overturned central bank’s two-year-old ban on cryptocurrency trading in the country in what many said was a “historic” verdict.
The Reserve Bank of India had imposed a ban on cryptocurrency trading in April 2018 that barred banks and other financial institutions from facilitating “any service in relation to virtual currencies.”
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In the ruling today, the bench, headed by Justice Rohinton F. Nariman, overruled central bank’s circular on the grounds of disproportionality.
