Bitcoin: SC to hear final arguments on RBI ban on cryptocurrency exchanges today – what happened so far

(Update: The Supreme Court could not take up the matter on Tuesday. The apex court is now likely to hear the matter on Wednesday).

The Supreme Court will hear final arguments on petitions challenging the virtual ban imposed by the Reserve Bank of India (RBI) on cryptocurrency exchanges today. In April this year, the RBI had asked regulated entities to not get involved with cryptocurrency traders, firms, or individuals, imposing a virtual ban. The RBI decision was challenged by cryptocurrency exchanges in the Supreme Court.

Here’s what has happened so far: