![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 25, 2018, 04:04:50 AM |
|
The Indian startup Cali Digital Ecosystems filed a complaint against the decision of the Central Bank of India to prohibit banks from providing encrypted asset services. The company plans to launch its own cryptocurrency trading platform, CoinRecoil.
On Tuesday, Kali's digital ecosystem submitted a complaint to Delhi's High Court of Justice against India’s Central Bank, Ministry of Finance, and GST Council to seek court support. “The central bank is banned from refusing to provide cryptocurrencies. Service decision." The company said that the central bank's ban is "arbitrary and unconstitutional."
The company initially planned to launch CoinRecoil, a cryptocurrency exchange, in August 2018, and stated in the petition that it had "had invested heavily in this area." However, due to restrictions on bank services by the Indian Central Bank earlier this month, the exchange will not be able to operate.
|