On July 20, the Indian crypto community had its eyes on the supreme court as the much-awaited judgment on the petition against the RBI (central bank) ban to provide INR and banking support cryptocurrency businesses, was to be pronounced. But Since SEBI and few others have not filed their response the date for the hearing and argument has differed to September 11, 2018.
https://coingape.com/indian-supreme-court-pushes-rbi-crypto-ban-petition-september-11/I have been waiting for this news to come because ever since the day the judgement was initially meant to be delivered, there have been several threads on the forum on the effect of the 'ban' that has not even occurred yet the news have spread beyond normal sending some level of panic into the market and the exchange sites that have started the process of discontinuance of their service before getting the court pronouncement. What I see here is delay tactics deployed on the part of the government then spread the panic which would make their job easy by the time the pronouncement come in their favor. Like I always maintained what the side of the crypto community should have done is to have asked for interculatory injunction for all parties to maintain the status quo until the decision is made.