Indian Supreme Court Demands Crypto Rules and Regulations from the Government in 4 Weeks

2019-2-26 19:14

Sequel to the crypto banking ban by the central bank of India, there have been petitions, the Supreme court of India is all set to hear the petition. It has placed a demand on the Indian government to produce crypto rules and regulations to enable it to make a ruling on the existing cases.

On the 6th of April, 2018, the Reserve Bank of India, issued a circular banning regulated financial institutions from rendering services to individuals and business customers dealing with cryptocurrencies. The ban took effect from July resulting in the closure of crypto exchanges bank accounts and filling of so many petitions demanding the lifting of the ban.

Since the ban, there have been so many postponements on the hearing of the case, specifically in 2018, the case was delayed several times. Though a new date was set for the middle of February, it was postponed again because the court is tied up with other matters during the week.

The ban on crypto activities has slowed down businesses, miners are forced to look for alternatives. Uncertain regulations and ban have destabilized the advancement of cryptocurrency and blockchain based businesses. But the court ruling will likely reshape things and bring life back to cryptocurrency space in India.

Banning crypto activities in the banks increased the launching of exchange-escrowed peer-2-peer services in India.

The post Indian Supreme Court Demands Crypto Rules and Regulations from the Government in 4 Weeks appeared first on ZyCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0.0095806 (+7.58%)
Объем 24H $0
Изменеия 24h: 2.35 %, 7d: -7.78 %
Cегодня L: $0.0086651 - H: $0.0095806
Капитализация $183.154k Rank 1690
Цена в час новости $ 0.0016119 (494.37%)

crypto regulations government supreme court indian rules

crypto regulations → Результатов: 126


Фото:

Pakistani High Court Orders Central Bank to Issue Crypto Regulatory Framework in Three Months

Pakistan could be on its way to comprehensive crypto regulations following an order from a High Court located in Sindh province on October 20. This order was in response to a petition from the local crypto community challenging the existing ban on cryptocurrencies that came into place in 2018.  New Regulations on the Way AccordingRead More

2021-10-21 23:00


Korean Financial Authorities Draft Policies to Help Grow Crypto Industry

Financial authorities in Korea will ease regulations on crypto-based assets in attempts to line-up with policies brought forth by the G20 nations and foster growth in the industry. Korea Establishes “Unified Regulations” The new polices are “unified regulations” that relate to “all activities” of Korea’s cryptocurrency exchange operators — a country that has a huge.

2018-7-7 00:00