Post
Topic
Board Bitcoin Discussion
Re: India looking to Re-ban Bitcoin
by
bryant.coleman
on 20/09/2020, 14:44:08 UTC
Same supreme court that declared that Bitcoin is legal in India the last time? I am just confused as to why a supreme court would declare Bitcoin as legal, and some people will start up the same cases again, it just doesn’t make any sense to me.

The supreme court didn't declared that Bitcoin was legal. They declared that the banking ban on Bitcoin was illegal. Some of the analysts claim that this mean that Bitcoin is legal in India. As such, there was no ban imposed on Bitcoin. However, there was a ban on the use of bank accounts, for the purpose of cryptocurrency trading. This ban was overturned by the supreme court of India.