Re: [2018-09-28] One of India’s biggest cryptocurrency exchanges is shutting down

Quote from: AltEvangelist on October 04, 2018, 10:08:31 PM

Quote from: Theb on October 03, 2018, 08:46:09 PM

...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.

this is dragging for far too long, expert studies could have been taken into account without calling for the hearing
and it is the way it should have been done
now it feels like RBI is putting pressure on the court and the court doesn't want to take an action that will definitely hurt their economy
banning crypto exchanges and prohibiting the common folk from dealing in crypto is pointless, there will always be a way
just look at China