Crypto Judgement day India

[AbduRRozzaqAbduLLah]

The supreme court of India had pushed the case to September 11 for the next and final hearing.

Siddharth Dalmia and Dwaipayan Bhowmick who initiated their respective court cases related to cryptocurrencies in India back in 2017. Dalmia wants to ban cryptocurrencies, while Bhowmick wants the government to make their stance clear on Cryptocurrencies.

The case got major attention when The Reserve Bank of India(RBI) intented to ban cryptocurrency.  Exchanges and individual traders from all over the country and IAMAI (Internet and Mobile Association of India )in particular filed case of justice to fight RBI’s banking ban.


Government has setup a committee headed by Department of Economic Affiar( DEA) secretary Mr. Subhash Chandra Garg to take a decision of regulation of cryptocurrency in India. It remains to see if the proposed regulations by the Garg committee are implemented before the hearing or the same gets pushed until the Supreme court verdict is out on Sep 11.

[cryptomyworld]

thanks for sharing useful information.

[tamradhwaj]

with the rumors  of India not planning to put a blanket ban on cryptos, currently doing the rounds in the market, a hope has emerged. reportedly a finance ministry panel that is studying digital currencies, might suggest  crypto to be considered and treated as commodity.  it would become easier to regulate them for authorities.