Supreme Court strikes down RBI banking ban on cryptocurrency

By Suchitra Mohanty and Nupur Anand on Mar 5, 2020 6:44AM

Supreme Court strikes down RBI banking ban on cryptocurrency

Re-allows banks to handle transactions from exchanges and traders.

India's Supreme Court on Wednesday allowed banks to handle cryptocurrency transactions from exchanges and traders, overturning a ban on such dealings by the central bank that had come as a major blow to the thriving industry. The Reserve Bank of India (RBI) had ordered financial institutions to ...

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