Crypto Currency

  • The RBI circular earlier had declared that crypto-currency related businesses like virtual currencies, crypto assets, etc., are illegal and had also mandated banks, e-wallets, and payment gateway providers to withdraw support for such exchanges and other businesses dealing with virtual currencies in India.
  • The Supreme Court in March, 2020 set aside an RBI circular that imposed a blanket ban on banks and financial institutions from providing services to any individual or business dealing in digital currencies. As the SC had earlier refused to stay the circular issued in April 2018, the banks and bourses dealing with crypto-currencies, including bitcoins, had ....
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