Indias Supreme Court has upheld the central banks directive of prohibiting banks from offering services to the domestic cryptocurrency sector in July 20,2018. Indias Supreme Court sets September 11 date for final cryptocurrency petition hearing .Howerver, it is rumored an inter-governmental committee of multiple ministries tasked to form a framework for the cryptocurrency sector isnt considering any outright ban of cryptocurrency trading. Instead, authorities could enforce new regulatory norms that are likely to classify cryptocurrencies as commodities.