Today Supreme Court in India struck down the RBI’s ban on Indian banks on providing banking services to Cryptocurrency exchanges across the country.
A three-judge bench led by Justice Rohinton Nariman quashed the Reserve Bank of India notification issued in April 2018 that had introduced the restriction.
The move is expected to again increase trade volume in cryptocurrency. Today the twitter was abuzz with this news and people from across fields posting their opinion on the matter.
This is a positive development for all the people working in the cryptocurrency and blockchain ecosystem in India and abroad.