It will be extremely unfortunate if this ban moves forward. Fortunately, the court's action should prevent any outright ban on crypto trading in the near future or any other form of autocratric decisions from rbi.

The court process will be a lengthy one, depending on the outcome of this appeal. Most in india are of the "blockchain good bitcoin bad" camp and such regressive thinking means india falls behind in the blockchain space. Trading or bitcoin transactions are an integral part of bitcoin blockchain and many other projects. Someone in the govt or any other regulatory body needs to understand this.