The crypto community has received a major boost following a Supreme Court ruling. For the last two years, the RBI has threatened to ban all banks involved with cryptocurrencies. As a result, crypto development in the country has been slow. The recent announcement means the shackles are off.
Top exchange Binance has all along kept a close eye on the country and invested accordingly and now they look set to leap ahead.
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As we reported earlier, the Indian Supreme Court has ruled to remove the two-year ban on cryptocurrency. This was implemented by the RBI to curb cryptocurrency growth in the country.
As Coinbase CEO Brian Armstrong has been pointing out, this hurts the crypto industry in the short term and the economy was set to be hit in the long term. Read More...