India, which once represented a very important market for cryptocurrencies, came to a halt due to the ban issued by the Central Bank of India on April 6, 2018. The war of crypto investors and exchanges in the country finally reached its goal and the bad decision returned from the court.
India's Crypto Money Ban Returns from Court
The case, which has been ongoing since 2019, has progressed to an important point, and the Indian Supreme Court stated that it considered the decision of the Central Bank of India to be unconstitutional.
In a statement by the Supreme Court of India, it was stated that the failure to serve platforms that operate crypto money restricts people's freedom. The trial is still ongoing as of this writing, but it is clear that this is a victory.
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After the FED interest rate decision, which dropped the cryptocurrencies in general yesterday, this decision from India is very positive and this may have an upward effect on the crypto money market.
Breaking:
Supreme Court of India has struck off Reserve Bank of India's (RBI) banking ban against #Crypto. The Court held that RBI Circular dated 6th April 2018 is unconstitutional.
As of the writing of this article, the leading cryptocurrency is trading at $ 8,800 and it seems that there is no upward movement yet.
