Pcex Blog
No Result
View All Result
  • Home
  • Topics
    • Crypto Market
    • Crypto Exchange
    • Blockchain
    • Cryptocurrency
    • Fintech
  • Insights
    • Press Release
    • PCEX Watch
    • Circulars
  • Video
  • Academy
Subscribe
Pcex Blog
  • Home
  • Topics
    • Crypto Market
    • Crypto Exchange
    • Blockchain
    • Cryptocurrency
    • Fintech
  • Insights
    • Press Release
    • PCEX Watch
    • Circulars
  • Video
  • Academy
No Result
View All Result
Pcex Blog
No Result
View All Result
Home Topics Crypto Market

Supreme Court Quashes RBI’s Ban on Cryptocurrency

by Pcex Team
March 4, 2020
in Crypto Market, Cryptocurrency
1 min read
0
supreme court quashes rbi’s ban on cryptocurrency
160
SHARES
2k
VIEWS
Share on FacebookShare on Twitter

supreme court quashes rbi’s ban on cryptocurrency

 

On Wednesday, the Supreme Court of India quashed the order issued by the RBI (Reserve Bank of India) of banning financial services companies from trading cryptocurrencies.

This decision has come after almost 2 years of several hearings of petitions that challenged RBI’s order of imposing a ban on Indian financial enterprises as well as individuals from trading in virtual currencies.

The Government of India has announced repeated warnings against trading or investing in cryptocurrencies, saying that these are fraud schemes that offer unexpected and surprisingly high returns to early investors.

The petition against the circular issued by RBI on April 6, 2018, was filed by the Internet and Mobile Association of India (IMAI). IMAI is an organisation whose members include multiple cryptocurrency exchanges. Represented by advocate Ashim Sood, various hearings argued against Central Bank’s ban that cryptos are more like commodities rather than currency. Also adding that the RBI does not have the authority to regulate this field.

India banks are now ready to deal in cryptocurrencies, which will make it easier for companies and individuals to trade on virtual currency exchanges. Although exchanges were not banned until now, limitations put on banks made it difficult for them to operate. The judgment has opened gates for crypto companies like Ripple, Ethereum, PCEX, etc.

Tags: crypto bancrypto regulationIndia
  • Trending
  • Comments
  • Latest
pcex-b2b-model

Introducing PCEX B2B Model

June 17, 2020
benefits-of-being-a-pcex-trading-member

Benefits of being a PCEX Trading Member

June 17, 2020
PCEX.IO

Global Cryptocurrency Exchange PCEX Introduces New Trading Member in India DIGI BROKING

August 10, 2020
PCEX Introduces Crypto Trading Platform For Indian Users

PCEX Introduces Crypto Trading Platform For Indian Users

June 17, 2020
Blockchain technology and Digital identities — A positive fit?

Blockchain technology and Digital identities — A positive fit?

2
Crypto Trading Gets Completely Automated as Napston launches a one-of-its-kind exchange

Crypto Trading Gets Completely Automated as Napston launches a one-of-its-kind exchange

1
New crypto exchange, DARICO, will be owned by the users; the exchange is expected to be 100 % democratic

New crypto exchange, DARICO, will be owned by the users; the exchange is expected to be 100 % democratic

1
The seed token project- Powering AI and the bot economy on blockchain.

The seed token project- Powering AI and the bot economy on blockchain.

1
pcex.io blog

PCEX Introduces C2USD Margined Monthly & Weekly Future Contracts

December 21, 2020
PCEX.IO Blog

PCEX Listed Ripple and Stellar for Trading

December 10, 2020
PCEX Io Blog

World’s Leading Cryptocurrency Exchange PCEX Launches Futures Trading

December 9, 2020
PCEX.IO

Global Cryptocurrency Exchange PCEX Introduces New Trading Member in India DIGI BROKING

August 10, 2020

Recent News

pcex.io blog

PCEX Introduces C2USD Margined Monthly & Weekly Future Contracts

December 21, 2020
PCEX.IO Blog

PCEX Listed Ripple and Stellar for Trading

December 10, 2020

Categories

  • Academy
  • Blockchain
  • Circulars
  • Crypto Exchange
  • Crypto Market
  • Cryptocurrency
  • Fintech
  • Insights
  • PCEX Watch
  • Press Release
  • Video

Site Navigation

  • Advertisement
  • Contact Us
  • Privacy & Policy
  • Other Links
Pcex Blog

PCEX is a cryptocurrency/digital asset exchange on which you can trade Bitcoin(BTC), ETH & altcoin at a very lowest fees.

© 2020 PCEX

No Result
View All Result
  • Advertisement
  • Contact Us
  • Insights

© 2020 PCEX

Translate »