Police Summon Twitter Chief In India As Legal Troubles Mount

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Indian cryptocurrency exchanges are bringing back banking support immediately after the Supreme Court of India struck down the banking ban on the crypto sector. The Supreme Court of India passed judgment on Wednesday striking down the central bank’s April 2018 circular which bans regulated financial institutions from offering services to crypto organizations. We believe that banning tech is not the answer, a threat-primarily based framework ought to be created to regulate and monitor cryptocurrencies and tokens. Blanket ban is useless. We welcome the supreme court’s choice to lift RBI’s ban on trading in cryptocurrency. Dr. Swamy mentioned in December that "Cryptocurrency is inevitable." The lawmaker chaired a conference at the UN India’s headquarters the same month which discussed difficulties surrounding cryptocurrency in the nation. Soon after practically two years, the Indian crypto community lastly won the battle against the Reserve Bank of India (RBI), and crypto enthusiasts are celebrating worldwide. Indian Parliament Member Dr. Subramanian Swamy has been keeping up with the crypto vs. If it is unstoppable then develop software program to regulate it.

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