RBI should have regulated cryptocurrency, not banned it, IAMAI tells Supreme Court

Shruti Mahajan August 9 2019
RBI should have regulated cryptocurrency, not banned it, IAMAI tells Supreme Court

The Internet and Mobile Association of India (IAMAI) told the Supreme Court on Thursday that the Reserve Bank of India (RBI) should have regulated the use and exchange of cryptocurrency instead of banning it.

The ban imposed on the Banks from dealing in cryptocurrency by the RBI was a "moral ban" and was not backed by any study to show the adverse effect of cryptocurrency, submitted the petitioner body represented by Advocate Ashim Sood.

While making his case against the ban on this . . .

This content is restricted to subscribers