Published on July 20th, 2018 | by bitcoin0
Supreme Court of India delays Crypto Banking Ban Hearing to September
A Supreme Court decision on the Reserve Bank of India’s (RBI) efforts to bar cryptocurrency firms from receiving banking services will have to wait – for now.
A final hearing on the ban’s merits has been deferred to September 11, local news outlet Inc42 reported Friday.
The panel of judges overseeing the case want all arguments and submissions from both the RBI and the ban’s critics to be submitted by that day.
The ban began in April, when the RBI announced that regulated financial institutions would be prohibited from servicing cryptocurrency exchanges and other related businesses.
The Supreme Court upheld the ban earlier this month pending Friday’s hearing.