INDIAN SUPREME COURT REFUSED STAY ON RBI CIRCULAR
THIS NEWS IS VERY DISAPPOINTING FOR MANY OF US CRYPTO LOVERS N INVESTORS IN INDIA THAT THE PLEA TO STAY THE RBI CIRCULAR WAS FILED BY INTERNET AND MOBILE ASSOCIATION OF INDIA HAS BEEN DISMISSED BY OUR SUPREME COURT. OUR SUPREME COURT HAS REFUSED TO STAY A RBI CIRCULAR PROHIBITING BANKS N FINANCIAL INSTITUTIONS FROM PROVIDING SERVICES IN RELATION TO CRYPTOCURRENCIES INCLUDING THOSE OF TRANSFER OR RECEIPT OF MONEY IN ACCOUNTS RELATING TO PURCHASE OR SALE OF CRYPTOCURRENCIES.
BUT WE CRYPTO LOVERS MUST NOT BE DISHEARTENED BY THIS ORDER OF SUPREME COURT N KEEP OUR FINGERS CROSS N WAIT FOR JULY 5TH WHEN INDIAN GOVERNMENT IS GOING TO ANNOUNCE SOME IMPORTANT DECISIONS ON CRYPTO CURRENCIES. MIGHT BE CRYPTO CURRENCIES GET A SHOUTOUT IN INDIAN GOVERNMENTS OPINION N GOVERNMENT TAKE SOME DECISIONS IN ITS FAVOUR TO LET INDIANS REAP ITS BENEFIT TOO.
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