Delhi High Court Issues Notice to RBI, Union of India & GST Council Over CoinRecoil Petition!
Delhi High Court has issued a notice to Reserve Bank of India, The Union of India through Secretary, Ministry of Finance and the GST Council after admitting the petition filed by CoinRecoil cryptocurrency exchange.
RBI had issued a circular forcing banks to withdraw their services rendered to any crypto exchange in the country. This will force exchanges in India to shut shop in 3 months time and leave investors with no option other than continue trading via p2p channels.