Indian Government Keeps the Cryptocurrency Community on Toes

in #mgsc3 years ago

As the Indian crypto community may be aware, in April this year, the Reserve Bank of India (RBI) sent out a circular instructing banks to stop providing services to cryptocurrency exchanges that are based out of India. The banks were given three months to wind up their businesses with the exchanges.

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Naturally, that built an outrage and the exchanges one by one took the RBI to court in order to seek a stay on the matter or rescind the order completely. However, that has not been successfully achieved, so far.

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