Quote from: Netnox on September 14, 2018, 02:39:59 AM

Quote from: RamBahadur.Gurung on April 22, 2018, 07:57:58 AM

I know how slow these Indian courts are in passing down the judgement. This case will most probably go on for 10-15 years and by the time we get a verdict Bitcoin may not even exist.

Couldn't put it any better. One of my Indian friends had a dispute regarding property ownership and the legal fight went on for more than two decades. Finally, both the parties reached an agreement. Else it would have carried on for many more years.

That's true! Especially cases related to property and land ownership goes of for decades. However, I don't think the same fate awaits for the crypto case. Because a big Association IAMAI has filed the petition. IAMAI stands for "Internet and Mobile association of India". So expecting this case will have shorter tenure. But due to the complexity of the matter, it will not be easy for a court to decide.

In the meantime, Reserve Bank of India had filed a Counter affidavit (reply) to the court as per the directive given to them. It seems like they have done a lot of homework this time. However they have raised a few interesting questions this time. See the video below,

https://www.youtube.com/watch?v=78sZwZdxBzs

The language of this video is Hindi. I am still waiting for an English version.