SC reserves order on RBI’s decision to prohibit banks from cryptocurrency trade

SC reserves order on RBI’s decision to prohibit banks from cryptocurrency trade

The Supreme Court has reserved its order on pleas objecting to Reserve Bank of India (RBI)’s decision prohibiting banks and financial institutions from providing services in relation to cryptocurrencies or dealing with cryptocurrency trade. Supreme Court was hearing a plea filed by the Internet and Mobile Association of India (IMAI) against the Reserve Bank of India.