India Supreme Court Seeks Government Opinion on Crypto Within 2 Weeks

The Supreme Court of India has asked the country’s government to provide an opinion on cryptocurrencies, amid legal fallout from a ruling by the central bank in April.

On Thursday, the court held a hearing on a number of petitions filed by local cryptocurrency exchanges, as well as the Internet & Mobile Association of India (IAMAI), over the Reserve Bank of India’s (RBI) order banning domestic banks from providing services to crypto firms.

The court concluded by requesting that the government state its view on the matter within two weeks, The Economic Times reported Friday.

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