The Reserve Bank of India ordered financial institutions to stop dealing with crypto businesses last year, with a ban coming into effect on July 5. The government and India’s Supreme Court have since fighting with whether that ban is proper,
hearings and postponing again and again
It is precisely what the inter ministerial committee ( IMC ) has becomes an incompetent bunch of administrators and ministers that can not decide what it wants to do with new technologies.
ONCE AGAIN COURT ADJOURNED
March 29, 2019, the fifth times the Supreme Court adjourned the crypto vs. RBI case hearing. This time again, a government counsel requested for the delay because they did not have a draft about what actually they want And there is no guarantee that till the next hearing, which scheduled for July this year, would they read and crypto community not hoping to see positive movements towards a reasonable crypto regulation.
Here is a government body that could not even listen its judiciary’s order keep conniving due to personal agenda's which is only NEGLIGENCE
COULD NOT AGREE MORE TO THIS IS HIGHLY IRRESPONSIBLE WHEN THE COURT HAD ALREADY GIVEN DEADLINE OF FOUR WEEKS THERE SHOULD NOT HAVE ANY ADJOURNMENT NOW. THE COURT SHOULD HAVE TAKEN A CALL THIS IS EXTREMELY UNFAIR TO OUR CRYPTO COMMUNITY
" INDEED THE stablity TO POLICY MAKING COMES FROM THE STRICTNESS OF POLICY MAKERS AS OF NOW IMC BECOMES A STUDENT AND THE SUPREME COURT BECOMES A TEACHER WHO PARDONS THIS STUDENT EVERY TIME WHENEVER STUDENT NOT DOING HOMEWORK
THERE SHOULD BE A RESULT COME OUT SOON TO REGULATE CRYPTO AND NEW BLOCKCHAIN TECHNOLOGIES TO MAKE INDIA DIGITAL