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Supreme Court

RBI’s Power Over Crypto Challenged at Length in Indian Supreme Court Today

<header class=”article__header”> </header> <strong>The Indian supreme court resumed hearing the writ petitions against the banking restriction by the central bank, the Reserve Bank of India (RBI), on Wednesday. Many issues were discussed, ranging from the legality of the RBI action to the classification of crypto assets and how each country regulates them.</strong> Also read: India …

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India to Introduce Crypto Bill Next Parliament Session – A Look at Community Responses

<header class=”article__header”> </header> <strong>The Indian government has submitted a draft crypto bill to the supreme court and expressed its intention to introduce the bill in the next parliament session. The court subsequently set a new date to hear the case relating to crypto regulation. Meanwhile, the Indian crypto community has ramped up efforts to influence …

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Indian Supreme Court Heard Crypto Case in Depth Today

<header class=”article__header”> </header> <strong>The Indian supreme court finally heard the crypto case today after postponing it several times. The court addressed the government’s crypto policy as well as the writ petitions challenging the banking restriction by the central bank. The latter was heard in some detail while the former was further delayed at the request …

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Calls Intensify for Indian Government to Regulate Cryptocurrency

<header class=”article__header”> </header> <strong>Since the Indian government unveiled a draft bill to ban cryptocurrency, the crypto community has ramped up its efforts to influence the government’s final decision. The community has plans to reach out to parliament members to show them how flawed the crypto recommendations the government is examining are.</strong> Also read: G20 Leaders …

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Indian Supreme Court Sets New Date to Hear Crypto Case

<header class=”article__header”> </header> <strong>The Indian supreme court has set a new date to hear the crypto case that was originally scheduled to be heard on July 23. The court is expected to address the writ petitions against the RBI banking restriction as well as the government’s report and the recently released draft crypto bill.</strong> Also …

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Indian Government Unveils Draft Crypto Bill Ahead of Supreme Court Hearing

<header class=”article__header”> </header> <strong>The Indian government has officially released the report by the interministerial committee tasked with proposing crypto measures. The announcement came one day before the country’s supreme court was scheduled to hear the writ petitions against the crypto banking restriction. The report contains the draft bill which proposes a ban on cryptocurrency.</strong> Also …

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Indian Government Breaks Silence on Crypto Regulation

<header class=”article__header”> </header> <strong>The Indian government has finally spoken up about the regulatory framework for cryptocurrency it has been deliberating, providing answers to questions presented in the upper house of the Parliament of India. The government also confirmed that the report with the recommended crypto regulation has already been submitted by the interministerial committee tasked …

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Koinex Exchange Shuts Down Ahead of Crypto Regulation

<header class=”article__header”> </header> <strong>Another Indian crypto exchange has shut down permanently due to the banking restriction and regulatory delays. The exchange cites denials in payment services and a sharp decline in trading volume resulting from the recent news of a draft bill to ban cryptocurrencies.</strong> Also read: Indian Cryptocurrency Regulation Is Ready, Official Confirms Koinex …

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Israeli Supreme Court Stops Bank From Closing Crypto Exchange’s Account

</header> <strong>In February 2018, the Supreme Court of Israel issued a temporary injunction order forbidding a major bank in the country from halting the activity of a local cryptocurrency exchange. Now the bank has been forced to accept that the company’s account will remain open indefinitely.</strong> Also Read: Community Funding and Bringing Smart Contracts to …

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Supreme Court Advocate Suggests How to Regulate Cryptocurrency in India

<header class=”article__header”> </header> <strong>An Indian supreme court advocate has shared some thoughts on the kind of cryptocurrency regulation India can benefit from. The right regulatory framework “would ensure transparency, oversight and accountability,” but a “one size fits all” regulation would be a mistake, she explains. Meanwhile, the Indian crypto community and industry bodies have urged …

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