JULY 2018 will decide the future of cryptocurrencies in india

In the month of July 2018, four major things going to happen in India which will decide the future of cryptocurrencies and cryptocurrency lovers In India.

What are this four major events.

1) 3rd July 2018
Supreme Court of India will hear the appeal of IAMAI (Internet and Mobile Association of India) against RBI’s (Reserve Bank of India) virtual ban on cryptocurrency.

2) 5th July 2018
5th july is the last date given by the RBI to banks to end all the transactions with crypto exchanges.

3) 15th July 2018
Garg’s Committee will submit all the reports.
(Subhash Chandra Garg is leading a committee setup by Finance Minister of India in early 2018 to review and recommend the future steps for cryptocurrency in India)

4) 20th July 2018
Supreme Court of India is going to hear all the appeals to ban or allow the cryptocurrencies in India. on a counsel’s request this date is taken early before this date was 30th July 2018.

These four major events are placed in July 2018 which will have a huge effect on cryptocurrencies in India as well as all over the world. We are hoping Indian government and Court will take decisions wisely.

Thanks & Peace