India's Crypto Ban Overruled, But the Battle is Far From Over
Cryptocurrency exchanges have seen a victory in India. The country's banks can welcome their customers dealing with crypto again, but the fight is still not over, and the ban could still be passed, as there are more hurdles along the way.
Back in 2018, the central bank gave an order to all financial institutions to stop their crypto-related deals with businesses and individuals, which had sunk trade volumes and exchanges in the country had to close their doors. India’s Supreme Court has listened to concerns and agreed with petitions by crypto exchanges, startups and other industry members, and it has overturned a crypto ban previously imposed by the Reserve Bank of India (RBI), allowing banks to handle cryptocurrency transactions from exchanges and traders, reports Reuters.
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