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Indian cryptocurrency exchanges are bringing back banking assistance following the Supreme Court of India struck down the banking ban on the crypto sector. The Supreme Court of India passed judgment on Wednesday striking down the central bank’s April 2018 circular which bans regulated financial institutions from offering solutions to crypto firms. We think that banning tech is not the option, a threat-based framework will have to be developed to regulate and monitor cryptocurrencies and tokens. Blanket ban is useless. We welcome the supreme court’s selection to lift RBI’s ban on trading in cryptocurrency. Dr. Swamy stated in December that "Cryptocurrency is inevitable." The lawmaker chaired a conference at the UN India’s headquarters the identical month which discussed problems surrounding cryptocurrency in the country. After nearly two years, the Indian crypto community lastly won the battle against the Reserve Bank of India (RBI), and crypto enthusiasts are celebrating worldwide. Indian Parliament Member Dr. Subramanian Swamy has been keeping up with the crypto vs. If it is unstoppable then create application to regulate it.
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