Post
Topic
Board Economics
Re: Cryptocurrencies have won with court in India – for how long?
by
Ozero
on 25/01/2020, 05:34:15 UTC
After a stressful and fearful trial at the Indian Supreme Court, India officially admitted that Bitcoins and other cryptographic assets are not illegal..

Read the full article on https://blocktoq.com/crypto-news/cryptocurrencies-have-won-with-court-in-india-for-how-long/
Somewhat I know, the Supreme Court of India considered the constitutionality of the order of the Reserve Bank of India to the financial institutions of the country that they are not entitled to provide services to cryptocurrency exchanges and exchangers. If such a decision is declared unconstitutional by the court, this means that it has no legal force. Cryptocurrency exchanges and exchangers may start working again, however, this also means that there are no legal acts in India that would regulate the circulation of cryptocurrencies in this country. Neither the government nor the legislature of India made any decisions about cryptocurrency. So, India is still among the countries where there is no regulation of cryptocurrency, and in connection with this decision of the Supreme Court, there are no restrictions on its circulation.