India: Update On RBI vs Crypto Exchanges by firepower

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· @firepower ·
$12.31
India: Update On RBI vs Crypto Exchanges
According to [Jaideep Reddy](https://twitter.com/jrtechlaw), Counsel for IAMAI which is one of the petitioners in the case against the Reserve Bank of India has [stated](https://twitter.com/cryptokanoon/status/1086952014771355650) why the recent delay occurred once again.

<center>https://steemitimages.com/0x0/https://cdn.steemitimages.com/DQmaou73ewrxonq3aDipPUzjtyCDYH22RPAPhNaMBpWtaCJ/Supreme-Court-to-examine.jpg</center>
<center><sup>[Source](http://hindi.seenews.in/?p=3230)</sup></center>

1. Earlier reports suggested that the counsels were absent during the hearing but it wasn't the case. Court adjourned the matter as it was tied up with pre-scheduled matters. 

2. Counsel for exchanges has argued in court that constitutional validity of RBI banking ban should be heard as a separate issue than the Govt. Committee Report.

3. Court recognized that since business of exchanges is halted, validity of banking ban should be heard & decided.

4. Matter has been fixed towards the last week of February now. 

I will update when I find more accurate information on this matter. But as you can see this case is drawn out from over half a year now. I wonder if this will end by the time we get to the 1 year mark. 


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vote details (193)
@face2face · (edited)
I think before or just after  election we would have any decision.
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@shashiprabha · (edited)
I think after the election I found this solution. Thanks for this update
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@bala41288 ·
It's been continuously dragging dragging for a very long time. Hoping to hear some good news soon. Thanks for the update. 😊

Posted using [Partiko Android](https://steemit.com/@partiko-android)
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@vedicsamurai ·
I'm willing to bet that this hearing will drag on until we get to the first budget session of the next government, whoever's it is (hopefuly no AJ as the FM I pray to heavens lol).
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