Supreme Court has extended the date for the final verdict on cryptocurrency to 11 September. The court today had a hearing for the future of cryptocurrencies in India and considering the reversal of the decision made by RBI for stopping all the financial institutions and banks to stop dealing with cryptocurrency exchanges and businesses.
The court listened to some arguments made by IAMAI and RBI. The court finally decided to give their final verdict on cryptocurrencies on 11 September and clear all the matter on that date since SEBI(Securities and Exchange Board of India) and some other parties are yet to file their arguments.
The official statement made by RBI was :
"Supreme Court listed the matter for final disposal on 11th September. All(remaining ) parties to file their replies within 4 weeks"
Now every cryptocurrency enthusiast and cryptocurrency businesses are looking forward for final hearing on 11th September and final verdict of Supreme Court on cryptocurrencies.
what do you think will be the verdict of Supreme Court on 11th September? Will there be a positive verdict or negative verdict by Supreme court on 11th September?
Let me know in the comments!!
