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Author Topic: What's you view on the court case ongoing in Supreme Court-Positive or Negative?  (Read 70 times)
avikz
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September 04, 2019, 06:23:22 PM
Merited by Heisenberg_Hunter (1), JSRAW (1)
 #1

As we all know that Crypto Vs RBI hearing is ongoing in Supreme court. After a long time the case taken up by the Supreme Court and hearing is going on actively.

Crypto Kanoon is providing updates on every hearing directly from the courtroom when the arguments are happening. So far we have had 4 hearings after the case came back from coffin and we have detailed documentation of hearing available for us to read.

Current status: Supreme Court has ordered RBI to reply to IAMAI/Association of exchanges to their request of re-considering the banking ban. Last hearing happened on 28 August, 2019.

A consolidated list of all arguments are available in CoinDCX website as they were sponsoring the entire team of Crypto Kanoon to provide the updates to the mass. See the link below,

https://blog.coindcx.com/crypto-vs-rbi/

If you have time, I would request you all to go through the arguments starting from 8th August 2019 as many great points were discussed during the arguments. Post reading that, let us know what do you think about the outcome of the case? Do you think the case is going to be favorable for cryptos in India and pave way to new opportunities or will India continue to keep their orthodox stance against cryptos?

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September 06, 2019, 05:00:27 PM
 #2

I wish that Supreme court will lead the case in the favour of crypto currencies.

But I feel that RBI will argue that allowance of crypto currencies will increase that crime related transactions with very ease.


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September 07, 2019, 09:14:31 PM
 #3

Anyway crypto currency will be going to regulate in India very soon because of already top list country are regulated the crypto like Japan and more, and coming days some big companies like Facebook and telegram launching their own crypto coin, so I hope that Indian government and RBI will getting the crypto regulations in India very soon.

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September 07, 2019, 09:21:20 PM
 #4

Anyway crypto currency will be going to regulate in India very soon because of already top list country are regulated the crypto like Japan and more, and coming days some big companies like Facebook and telegram launching their own crypto coin, so I hope that Indian government and RBI will getting the crypto regulations in India very soon.

I think they will change their stance towards crypto, now that libra (fb) and ton (telegram) are introduced and many other popular institutions are following thru also. For sure, they have big number of FB and telegram users from their country. And if they see that big companies are supporting crypto where most of their constituents are already part of, I believe they will loosen up a bit and will put regulations instead of totally banning the usage of it.

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September 08, 2019, 09:37:07 AM
 #5

Anyway crypto currency will be going to regulate in India very soon because of already top list country are regulated the crypto like Japan and more, and coming days some big companies like Facebook and telegram launching their own crypto coin, so I hope that Indian government and RBI will getting the crypto regulations in India very soon.

This matter was discussed in the court as well. If you have seen the arguments, there were a mention about how Japan and other developed countries have regulated bitcoin and cryptocurrecnies by implementing KYC and AML law in it. However, every country has different socio-economic scenario and their needs are different. If bitcoin is regulated then it is definitely a great news because we need fresh stimulus to the economy that is slowing down continuously! Adopting cryptos into the mainstream economy will bring more opportunities and create jobs for the tech-savy youths. I hope the government understands the positive impact first before passing out any further arbitrary decisions like RBI. 

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