India, March 04, 2020/ Big PRwire/- The Supreme Court of India has ruled in favor of crypto firms by lifting the Reserve Bank of India’s (RBI) controversial ban on banks’ dealings with crypto-related firms.
The court’s bench of Justices Rohinton Nariman, S Ravindra Bhat, and V Ramasubramanian, delivered the judgment earlier today, March 4.
Nischal Shetty, Founder of P2P Cryptocurrency Exchange Wazirx and Leader of Indian Crypto Campaign #IndiaWantsCrypto tweeted, ” #IndiaWantsCrypto has won. YOU have won.”
We're awaiting the copy of the judgement. Apparently it's 300 page judgement.
— Nischal (WazirX) ⚡️ (@NischalShetty) March 4, 2020
Lot to read! But rejoice, #IndiaWantsCrypto has won. YOU have won.
It's been a long battle!
— Nischal (WazirX) ⚡️ (@NischalShetty) March 4, 2020
In the end, WazirX, Unocoin & Pocketbits remained fighting this out in court@IAMAIForum held on to their resolve & led this frm front
Nishith Desai & Associates + Mr. Ashim Sood held their ground and made it their mission to help 🇮🇳#IndiaWantsCrypto
India’s central bank, RBI, had imposed a blanket ban on banks’ dealings with crypto businesses back in April 2018, which came into effect in July of that year.
