A three-judge bench agreed with petitions that had challenged the Reserve Bank of India’s April 2018 decision to ban banks from offering any services to support digital currencies. — Bloomberg
India’s Supreme Court struck down a central bank directive that effectively outlawed virtual currencies in Asia’s third-largest economy.
A three-judge bench headed by Justice Rohinton F Nariman agreed with petitions by cryptocurrency exchanges, start ups and industry bodies that had challenged the Reserve Bank of India’s April 2018 decision to ban banks from offering any services to support digital currencies.
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