Post
Topic
Board Press
Re: [2018-09-28] One of India’s biggest cryptocurrency exchanges is shutting down
by
AltEvangelist
on 04/10/2018, 22:08:31 UTC
...I don't know if this is a coordinated attack or not but why is the Supreme Court's verdict taking so long?
There's no easy answer to this. But it probably has some relation to 2 other pieces of news:
1. RBI (India's Central Bank) mulling a Central bank digital currency i.e. CBDC (https://cointelegraph.com/news/reserve-bank-of-india-confirms-it-is-looking-into-making-a-central-bank-digital-currency)
2. The Govt. sending teams to Japan and Switzerland to study crypto (https://cointelegraph.com/news/india-sends-officials-to-us-japan-and-switzerland-to-study-cryptocurrency-and-icos)
The Court is probably waiting for expert reports on these studies before reaching a final verdict. Because the appelants (crypto lobbyists, exchanges) have already made their final set of submissions last week itself. So nothing is left from their end.