Some cryptocurrency traders in india challenged the central bank’s order in court, citing constitutional issues. After a month India’s central bank barred regulated lenders from facilitating cryptocurrency transactions, trading volumes have surged radically alongside a sharp rally in prices. Analyst argue it would be counterproductive to push virtual currencies at from formal banking system, because
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https://news.bitzamp.com/cryptocurrency-investors-bet-trading-will-survive-bank-ban-in-india/It's good that people are trying to defend their constitutional rights, in particular, the right to use crypto currency. Of course, almost everything depends on the specific laws in India. In my country, the Civil Code provides for the right to make any transactions that are not directly prohibited by law. That is, if there is no direct prohibition to use the crypto currency, and it is the law, and not another by-law, we have the right to make any transactions in the crypto currency and no bank can prohibit it. Therefore, it is interesting what decision will be made on this lawsuit.
