Delhi High Court Issues Notice to RBI, Union of India & GST Council Over CoinRecoil Petition!

in steemit •  7 years ago  (edited)

Delhi High Court has issued a notice to Reserve Bank of India, The Union of India through Secretary, Ministry of Finance and the GST Council after admitting the petition filed by CoinRecoil cryptocurrency exchange.
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RBI had issued a circular forcing banks to withdraw their services rendered to any crypto exchange in the country. This will force exchanges in India to shut shop in 3 months time and leave investors with no option other than continue trading via p2p channels.

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7 years ago by

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