Credits: cointelegraph
Credits: coinalert
Date: 21 July, 2018
News: RBI urge the supreme court to regulate cryptocurrency
Yes, that's right. RBI (Reserve Bank of India) has urged the country's supreme court to regulate cryptocurrencies. As its known to all of us that, there was a ban being put up on April 6, 2018 by RBI on banks to stop transactions of cryptocurrencies and the reason given behind is "citing high risks".
Although, This entire issue is still under scrutiny by a committee (to keep check on illegal transactions) headed by Mr. Subhash Garg, set up last year, 2017 to develop regulatory framework. The last hearing which was set to be scheduled on July 20 has been postponed for three more weeks to September 11.
All in all, a first positive move towards keeping cryptocurrencies regulation in India.
What's your view towards this?
Accrording to you, is this the perfect time for the cryptocurrencies to shoot higher?
Do let know in the comments below.