Another Petition with the SC against RBI

Cryptocurrency Exchange Market Platform

The Internet and Mobile Association of India (IAMAI) filed a writ petition with the Supreme Court to issue a ‘stay’ on RBI’s order. It is the fifth petition filed against the RBI’s decision restraining the banks and institutions from dealing in cryptocurrencies. The regulator has set 6th June as the deadline for the banks to comply with its new rule.

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