SUPREME COURT Listed The Matter For Final Disposal On 11TH SEPTEMBER

in #cryptocurrency4 years ago

Hi steemains,

As we all know this thing very well that Cryptocurrency is facing its legalization problem in India from the last 2 months.But on 20th July ,Friday,Supreme court held its latest hearing of the case againt the reserve bank of India's (RBI) circular forbidding all regulated financial institution, including banks, to provide service to business in the cryptocurrency sector.


The hearing saw 'limited arguments' brought forward by lawyers on the behalf of the internet and mobile association of India(IAMAI), which counts domestic cryptocurrency exchanges as its members, and the reserve bank of India. The lack of opinions from other prominent authorities in response to the regulation - seeking petition by the cryptocurrency sector has seen the supreme court defer the date of hearing again, with final arguments to be heard on september 11.

The petition was put forth to chief justice dipak misra and justices AM Khanwilkar and DY Chandrachud with India's attorney general KK Venugopal also present, underlining the signifance of the matter.


Representing the IAMAI and the Cryptocurrency sector, senior advocate Gopal Subramaniam underlined the severity of the matter surrounding the RBI circular and called for the hearing to be heard without any further delays.

Appearing for the central bank , senior advocate Shyam Divan also called for a final hearing while claming cryptocurrency could encourage illegal transaction.

He Reportedly stated:

"The Policy of RBI is of extreme caution."

While September 11 is shaping up to be judgment day for the domestic cryptocurrency sector, an unlikely ally could see India's goverment could bring respite to adopters and the wider ecosystem by establishing reglations, currently in draft, to effectively recognize and legalize the sector in the near future.


According to you how cryptocurrency would help towards our country's financial position...???


Must share your thoughts and opinions in the comment section below..




plss don't use bots when cheetah votes you otherwise your reputation will decrease rapidly friend...

oky bro
thanks for your advise

You got a 50.00% upvote from @luckyvotes courtesy of @zayushz!

You got a 3.97% upvote from @oceanwhale With 35+ Bonus Upvotes courtesy of @zayushz! Delegate us Steem Power & get 100%daily rewards Payout! 20 SP, 50, 75, 100, 150, 200, 300, 500,1000 or Fill in any amount of SP Earn 1.25 SBD Per 1000 SP | Discord server

Hi Zayushz What do you think? The Supreme Court will decide on 11 September

according to me bro it will not get that much easier as we all are thinking of but lets hope for the best and profitable for everyone

You got a 3.77% upvote from @joeparys! Thank you for your support of our services. To continue your support, please follow and delegate Steem power to @joeparys for daily steem and steem dollar payouts!

Hoping for positivity.

yeah bro fingers crossed...hehe

nice article, i belive that government if India should once again think of the benefits of having cryptocurrency in the country which is for the betterment of the country

yeah bro
hoping for the best
till than relax and keep trading and steeming

Good Information in your post , I think today some more news update is there with more positive outlook for Indians
Upvoted , following you
Please read my latest post and expecting Upvote from you
From : @pksur

i like your post plese do sem
and imrove mgsc grop

Coin Marketplace

STEEM 0.30
TRX 0.06
JST 0.040
BTC 35600.08
ETH 2488.98
USDT 1.00
SBD 4.03