Supreme Court of India continues ban on banks crypto services

The Supreme Court of India refused to remove the ban from banks crypto services. The RBI (Reserve Bank of India) issued a statement to banks to ban crypto services. The ban will be in effect until there will be any formal hearing for this ban in Supreme Court of India at Delhi.

A tweet by @CRYPTOKANOON reveals that RBI has released a circular that to shut down any business with cryptocurrency companies.


Yesterday Supreme Court of India declined the interim injunction and for now allowing the RBI ban to stay. The RBI in April ordered with immediate effect, that entities regulated by RBI should not deal with Virtual Currencies or providing service based on Virtual Currencies.


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