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Supreme Court of India favors RBI restrictions on cryptocurrency by denying interim injunction

Supreme Court of India favors RBI restrictions on cryptocurrency by denying interim injunction

Submitted by • May 14, 2018 bcfocus.com

Supreme Court of India stands by RBI restrictions. The Court denies to grant interim injunction appealed by Indian crypto enthusiasts. In a circular rolled out by Reserve Bank of India (RBI), banks are restrained from providing services to crypto companies. On 11th May, 2018, Crypto Kanoon confirms the stand of Supreme Court by posting on Twitter.

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