Close Menu
    Facebook X (Twitter) Instagram
    ESP Blockchain Journal
    • Noticias
      • Noticias Blockchain
      • Noticias Bitcoin
      • Noticias Ethereum
      • Noticias Ripple
      • NFT
      • Metaverso
      • DeFi
      • Noticias Tron
      • Noticias Litecoin
      • Noticias Monero
      • Noticias Cardano
      • Noticias Stellar
      • Noticias Algorand
      • Noticias Dogecoin
      • Noticias Polkadot
      • Noticias Kusama
      • Noticias Solana
      • Opinión
    • Análisis de Precios
    • Academia Cripto
    • Contacto
    • bandera
    ESP Blockchain Journal
    Home»Noticias»Indian Supreme Court Postpones Cryptocurrency Prohibition Hearing

    Indian Supreme Court Postpones Cryptocurrency Prohibition Hearing

    0
    By BlockchainJournal on octubre 17, 2019 Noticias
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The Supreme Court of India adjourned the third closing hearing on the ban of the Reserve Bank (RBI) regarding the provision of services to individuals and companies related to Bitcoin and other digital currencies.

    #Correction : #Crypto v. #RBI case update:

    The date of next hearing was fixed and verbally communicated by the Judge as 12th November.

    But since 12th November is a holiday as per the Supreme Court calender, so the next date has been extended to 19th November 2019. pic.twitter.com/JvOalItouw

    – Crypto Kanoon (@cryptokanoon) October 16, 2019

    Initially, the hearing was supposed to be held on October 15, but due to the non-appearance of the judges it was postponed to November 12. Now it became known that due to national holidays in the country, this date has also been changed.

    Recall that in April 2018, RBI forbade its controlled institutions from providing services related to digital currencies to individuals and companies.

    As the RBI then stated, cryptocurrencies seriously undermine the anti-money laundering standards developed by the FATF, adversely affect markets, reduce the effectiveness of capital controls, and are used to finance terrorism. In addition, the ministry expressed the belief that when the cryptocurrency market reaches “critical sizes”, the country's financial stability is compromised.

    After that, thousands of people in India signed a petition against the ban on cryptocurrency transactions. Nevertheless, the Supreme Court has twice left the prohibition of the central bank in effect.

    Moreover, the rhetoric of the Indian authorities only became tougher in the future: last summer, a working group under the government of the country recommended banning all cryptocurrencies except for digital tokens issued by the central bank. The punishment for using cryptocurrencies implies fines of up to 250 million rupees ($ 3.63 million) or imprisonment up to 10 years.

    Subscribe to BlockchainJournal news on Telegram: BlockchainJournal Feed – the entire news feed, BlockchainJournal – the most important news and polls.

    << aside id = "unisender_subscribe_form-10" class = "widget unisender_form">

    BlockchainJournal.news

    BlockchainJournal.news

    bitcoin FATF Featured Finance Telegram Twitter
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    BlockchainJournal

    Related Posts

    Hyperliquid pide propuestas para lanzar USDH en medio de objeciones por equidad en la gobernanza

    septiembre 5, 2025

    SharpLink explorará el staking de parte de su tesorería en Ethereum en la red Linea

    septiembre 5, 2025

    Strategy Inc. enfrenta obstáculos para entrar al S&P 500 por su volatilidad y dependencia de Bitcoin

    septiembre 5, 2025

    Wallet Antigua despierta: 479 BTC (52 millones USD) movidos tras 13 años

    septiembre 5, 2025

    World Liberty Financial bloquea la wallet de Justin Sun en medio de la polémica por WLFI

    septiembre 4, 2025

    SEC apuesta por una agenda pro-cripto con una serie de rulemakings sobre activos digitales

    septiembre 4, 2025
    Buscar
    Facebook X (Twitter) Instagram Pinterest
    © 2025 Blockchainjournal

    Type above and press Enter to search. Press Esc to cancel.

    Utilizamos cookies para asegurar que damos la mejor experiencia al usuario en nuestra web. Si sigues utilizando este sitio asumiremos que estás de acuerdo.