The Reserve Bank of India has got a court backing for its earlier restrictions on providing bank services for those who deal on bitcoin and cryptos,This is a direct disregard to warnings recently issued by experts(to Europeans banks) that banning cryptos will have undesirable consequences.Do you think it will reconsider its stance?
Let's wait and see. There are still pending hearing on July 20 so its possible that may overturn it by the chances are slim. In any case that they continue with their decisions then we can't do anything about it. And as far as the EU decisions, it doesn't have any bearing on the India's Supreme Court because they wouldn't care about any nations accepting or rejecting crypto. They have their own stance, so it they think that crypto is really a threat to their banks and economic stability, then so be it. But if crypto was proven to have a good effect and shouldn't be frown upon my country, then maybe they could reconsider their stance and perhaps make a sudden U-turn.