{"id":210011,"date":"2020-03-04T12:45:23","date_gmt":"2020-03-04T09:45:23","guid":{"rendered":"http:\/\/ww-vb.mine.nu\/w108\/indias-apex-court-lifts-the-ban-on-cryptocurrency-trading\/"},"modified":"2020-03-04T12:45:23","modified_gmt":"2020-03-04T09:45:23","slug":"indias-apex-court-lifts-the-ban-on-cryptocurrency-trading","status":"publish","type":"post","link":"https:\/\/hameed.nwar.uk\/sa\/indias-apex-court-lifts-the-ban-on-cryptocurrency-trading\/","title":{"rendered":"India\u2019s apex court lifts the ban on cryptocurrency trading"},"content":{"rendered":"<p> [ad_1]<br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2019\/07\/Untitled-design-60-796x417.jpg\" \/><\/p>\n<div>\n<p>In a historic judgment passed today, India\u2018s Supreme Court has lifted the ban on crypto trading in India. In 2018, the country\u2019s central bank, the Reserve Bank of India (RBI), banned cryptocurrencies. Today\u2019s order from the apex court reverses that ruling, much to the joy of crypto traders.<\/p>\n<p><span>The three-judge bench said RBI\u2019s ban was \u2018disproportionate.\u2019\u00a0<\/span>Top crypto services in India such as Zebpay and WazirX hailed the decision on Twitter.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The verdict is out! Today the Supreme Court of India has removed the RBI ban on <a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">#crypto<\/a>. We at ZebPay want to say a huge thank you to the SC for allowing millions of Indians to have access to crypto. ?<a href=\"https:\/\/twitter.com\/hashtag\/CryptoInIndia?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">#CryptoInIndia<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/BlockchainTheWorld?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">#BlockchainTheWorld<\/a><\/p>\n<p>\u2014 zebpay (@zebpay) <a href=\"https:\/\/twitter.com\/zebpay\/status\/1235072030317277184?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">March 4, 2020<\/a><\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Historic day for the entire Indian crypto ecosystem.<\/p>\n<p>Crypto has won! <a href=\"https:\/\/twitter.com\/hashtag\/IndiaWantsCrypto?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">#IndiaWantsCrypto<\/a> https:\/\/t.co\/6bgq1c7UC8<\/p>\n<p>\u2014 WazirX (@WazirXIndia) <a href=\"https:\/\/twitter.com\/WazirXIndia\/status\/1235074583453040644?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">March 4, 2020<\/a><\/p>\n<\/blockquote>\n<p><span>Sumit Gupta, co-founder and CEO of CoinDCX, said today\u2019s verdict is going to open up new investment opportunities for India:\u00a0<\/span><\/p>\n<blockquote>\n<p><span>Needless to say, today is a historic day for not just the crypto community, but for the entire country. We have always believed in the ideals of collaboration and today goes a long way in proving that communication and dialogue with decision-makers may lead to constructive, sensible outcomes for our industry. The uplifting of the ban by the Supreme Court is going to open new opportunities for India in terms of investments, economic growth, financial inclusion, and market maturation.<\/span><\/p>\n<\/blockquote>\n<p>As we noted in our story in 2018, RBI didn\u2019t do enough research on the topic and proceeded with the ban. Earlier this year, the central bank justified the ban by saying it took the step to \u201cuphold the integrity of the banking system.\u201d<\/p>\n<p>Last year, a government panel even considered a 10-year prison sentence for holding \u2018non-sovereign\u2019 cryptocurrencies.<\/p>\n<p>Last July, NASSCOM (<span>The National Association of Software and Services Companies), a trade association related to technology, said banning cryptocurrency is not a solution.\u00a0\u00a0<\/span><\/p>\n<p>After RBI\u2019s ban, platforms such as Zebpay had to stop deposit and withdrawal in Indian Rupees. Now, hopefully, these exchanges will be able to resume their business.<\/p>\n<p class=\"c-post-pubDate\">\n                                    Published March 4, 2020 \u2014 05:35 UTC\n                                <\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><script data-src=\"https:\/\/connect.facebook.net\/en_US\/sdk.js#xfbml=1&amp;appId=378011798897423&amp;version=v2.6\" id=\"socialSrcFacebook\" type=\"text\/template\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/thenextweb.com\/hardfork\/2020\/03\/04\/indias-apex-court-lifts-the-ban-on-cryptocurrency-trading\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] In a historic judgment passed today, India\u2018s Supreme Court has lifted the ban on crypto trading in India. In 2018, the country\u2019s central bank, the Reserve Bank of India (RBI), banned cryptocurrencies. Today\u2019s order from the apex court reverses that ruling, much to the joy of crypto traders. The three-judge bench said RBI\u2019s ban &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-210011","post","type-post","status-publish","format-standard","hentry","category-tie-world"],"_links":{"self":[{"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/posts\/210011","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/comments?post=210011"}],"version-history":[{"count":0,"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/posts\/210011\/revisions"}],"wp:attachment":[{"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/media?parent=210011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/categories?post=210011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/tags?post=210011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}