Four Crypto Exchanges Challenge Supreme Court

[baundul]

In the third in sequence yet the fiercest attempt of downing the Reserve Bank of India’s circular blocking off banking services to cryptocurrency exchanges, four more Indian cryptocurrency exchanges have jointly filed a Writ Petition (Civil) no. 373 of 2018 under Article 32 of the Constitution challenging the constitutional validity of the Central Bank’s Circular.
The cryptocurrency exchanges who have moved to the Supreme Court, along with their Shareholders.
As per the current status of the Crypto litigation in the Supreme Court, prior to the latest joint Writ Petition by four exchanges, two Writ Petitions in public interest are pending for deciding the legality/illegality of cryptocurrencies.
It is notable that all the stakeholders of the crypto community have approached the Court for protection of their right, whereas the Crypto holder/investor still remains unvoiced. It will be interesting to expect a move from the investors also for having their stance heard as one of the interested and the most affected party!
Source: https://www.ccn.com/four-crypto-exchanges-combat-indian-central-banks-bitcoin-blockade-in-supreme-court/
https://coinnewstelegraph.com/four-crypto-exchanges-challenge-indias-bitcoin-banking-blockade-in-supreme-court/

[hacholia]

I don’t understand why big indian crypto exchanges like Bitbns ; Koinex ; Coindelta;  Zebpay & Unocoin aren’t coming forth and challenge the  RBI Circular to banks barring dealing with crypto exchanges.
Small exchanges  fighting for crypto world.
Big exchanges  have a bigger reach and a stronger base so they have to come forward

[seo.sapota4]

In the third in sequence yet the fiercest attempt of downing the Reserve Bank of India’s circular blocking off banking services to cryptocurrency exchanges, four more Indian cryptocurrency exchanges have jointly filed a Writ Petition (Civil) no. 373 of 2018 under Article 32 of the Constitution challenging the constitutional validity of the Central Bank’s Circular.
The cryptocurrency exchanges who have moved to the Supreme Court, along with their Shareholders.
As per the current status of the Crypto litigation in the Supreme Court, prior to the latest joint Writ Petition by four exchanges, two Writ Petitions in public interest are pending for deciding the legality/illegality of cryptocurrencies.
It is notable that all the stakeholders of the crypto community have approached the Court for protection of their right, whereas the Crypto holder/investor still remains unvoiced. It will be interesting to expect a move from the investors also for having their stance heard as one of the interested and the most affected party!
Source: https://www.ccn.com/four-crypto-exchanges-combat-indian-central-banks-bitcoin-blockade-in-supreme-court/
https://coinnewstelegraph.com/four-crypto-exchanges-challenge-indias-bitcoin-banking-blockade-in-supreme-court/

It is real news.. So many exchanges goes to v/s SC v/s Indian economy.. SC will decide how to moved exchange to other country.. bcoz crypto stakeholders community

[trungdinhthi]

I don’t understand why big indian crypto exchanges like Bitbns ; Koinex ; Coindelta;  Zebpay & Unocoin aren’t coming forth and challenge the  RBI Circular to banks barring dealing with crypto exchanges.
Small exchanges  fighting for crypto world.
Big exchanges  have a bigger reach and a stronger base so they have to come forward

yes, maybe you understand

[panovaba]

I think exchanges such as unocoin , coinsecure etc may have partners from European countries who can open a bank account there and operate the exchange. May be because of this reason these exchanges are acting cool.

[varun bee]

they are already taxing normal crypto wallets, don't think they will actually take such a radical step when other governments like s.korea, u.s.a are showing positive indications towards crypto trading. on the other side banning might not be a prudent idea as it will result in loss in revenue. just another news to keep the fire going or maybe the court may decide in favour of crypto exchanges.