Published on July 12th, 2018 | by bitcoin0
Indian Central Bank Comments on Cryptocurrency Limitations
India’s central bank has responded to a representation about its crypto banking ban.
The Supreme Court gave the central bank seven days to reply following a hearing last week of the petition by the Internet & Mobile Association of India against the ban.
Japan Confirms Entrance Into the Crypto Space
India’s central bank, the Reserve Bank of India (RBI), has responded to a representation submitted by the Internet & Mobile Association of India (IAMAI), as directed by the country’s Supreme Court.
The Court ordered the central bank to reply within seven days.
As the ban went into effect on July 5, banks began closing accounts of crypto exchanges.