A cryptocurrency exchange has inquired the Delhi High Court to announce unconstitutional RBI's circular barring financial institutions from involving in cryptocurrency activities. The court has demanded an answer from India's central bank.
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The Delhi High Court demanded a response from the Reserve Bank of India (RBI) after the digital currency exchange operative filed a petition arguing that RBI’s circular stopping financial institutions from carrying out any businesses associated with digital currencies contravenes Indian laws.
[Video 1] Crypto Startup Files Petition Against India's Central Bank Ban
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I hope they regulate it instead of direct banning it.
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@libert I do agree.
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