Post
Topic
Board Legal
Re: Indian crypto currency exchange takes Central Bank to court against recent ban
by
xdrpx
on 21/04/2018, 14:04:23 UTC
I'm so glad that Kali Digital Eco-Systems has taken the first step towards statement issues by the RBI against cryptocurrency businesses. What's shameful of the RBI is that it's making it too obvious that they can't handle how cryptocurrencies will no longer be under their supervision and they'll have little or no control over the participants exchanging cryptocurrencies. There must be transparency and lawfulness with regards to how Central agencies can pass laws. There was never any transparency regarding the panelists involved in deciding their public statements and no public opinion was really taken with regards to accepting cryptocurrencies for businesses. I hope Kali wins this one out on the grounds of Article 19 and I'm hoping to see RBI lay appropriate regulatory procedures for cryptocurrency businesses and to revert back their strict policies for banks to provide their services to such businesses and their customers using credit cards to procure cryptocurrencies.