• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    LuBian Wallet's $1.3B BTC Transfer

    LuBian Wallet Moves $1.3B in Bitcoin Post DOJ Action

    Bitcoin Whale Closes $500M Short Positions on Hyperliquid

    Bitcoin Whale Closes $500M Short Positions on Hyperliquid

    US DOJ to Seize 127,271 Bitcoin from Scam Network

    US DOJ to Seize 127,271 Bitcoin from Scam Network

    Bitcoin ETF Trading Volume Exceeds $1 Billion Rapidly

    Bitcoin ETF Trading Volume Exceeds $1 Billion Rapidly

    Farage Proposes Bitcoin Reserve and Tax Cuts in UK

    Farage Proposes Bitcoin Reserve and Tax Cuts in UK

    Elon Musk Endorses Bitcoin Amidst Market Volatility

    Elon Musk Endorses Bitcoin Amidst Market Volatility

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    Pi Network Readies DEX Launch, Market Awaits Confirmation

    Pi Network Readies DEX Launch, Market Awaits Confirmation

    Ethereum Foundation Invests in Morpho's DeFi Protocol

    Ethereum Foundation Allocates 2,400 ETH to Morpho DeFi Platform

    Ethereum Foundation Deposits 2,400 ETH in Morpho Protocol

    Ethereum Foundation Deposits 2,400 ETH in Morpho Protocol

    Aptos and NBCUniversal Launch Blockchain-Based Rewards Platform

    Aptos Collaborates with NBCUniversal for New Web3 Platform

    Sui Targets $9.5 with SEC-Approved Yield Token Launch

    Sui Targets $9.5 with SEC-Approved Yield Token Launch

    Webus Integrates XRP for Tokenized Travel Rewards

    Webus Integrates XRP in New Reward Platform Initiative

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

The Indian Supreme Court Asked the Government to Clarity Its Position on Cryptos

Joshua T. by Joshua T.
October 30, 2018
in Latest News
Supreme Court

Source: bitcoinist.com

The legal status of cryptocurrencies within India has become questionable of late. With so many speculations flying around as regards the legal status of crypto-related businesses operating in India. The country’s Supreme Court has called on the Government Authorities to clarify once and for all its official position on the matter.

Supreme Court of India

Based on a recent report the Supreme Court of India has communicated with the Indian Government through its official channels, asking for a clarification on its position regarding cryptocurrencies. The court has also ordered that a response must be given within two weeks.

It was reported that the legal status of cryptos in India came under threat as a result of a circular issued by the Reserve Bank of India on April 6th, 2018. The circular made it clear that the bank has placed a ban on any kind of trade in cryptocurrencies. This is despite the fact that there are no law tagging cryptos as illegal.

The RBI Circular

The circular titled “Prohibition on dealing in Virtual Currencies (VCs)” stated that within three months, any activity related to cryptocurrencies had to end.

The content of the circular stated that:

“In view of the associated risks, it has been decided that, with immediate effect, entities regulated by the reserve bank shall not deal in VCs or provide services for facilitating any person or entity in dealing with or settling VCs. such services include maintaining accounts, registering, trading, settling, clearing, giving loans against virtual tokens, accepting them as collateral, opening accounts of exchanges dealing with them and transfer/receipt of money in accounts relating to purchase/ sale of VCs.”

The document further stated that:

“regulated entities which already provide such services shall exit the relationship within three months from the date of this circular.”

Following the release of this circular, a report made it known that the India Supreme Court, held a setting to decide on the generality of the cases. Based on the report, the court ruled to deny the stay of execution of RBI’s notification.

Tags: CryptocurrencyIndiaRBISupreme Court
Previous Post

Tron [TRX] Publishes Weekly Report: Binance’s CZ is Pleased With Tron’s $3 Million Donation to BCF

Next Post

Bitcoin-like ERC20 Token that uses bitcoin principles

Joshua T.

Joshua T.

Related Posts

Fed Governor Waller Discusses AI-Driven Productivity Gains

Fed Governor Waller Discusses AI-Driven Productivity Gains

by Solomon M.
October 16, 2025

Fed Governor Waller highlights AI's potential in boosting U.S. productivity at DC Fintech Week 2025.

Fed's Waller Advocates AI Disruption in Economic Growth

Fed’s Waller Advocates AI Disruption in Economic Growth

by Adriana M.
October 16, 2025

Fed Governor Waller emphasizes AI's potential long-term economic benefits, urging policymakers to embrace its disruptions.

Sony Applies for U.S. Crypto Banking Charter

Sony Applies for U.S. Crypto Banking Charter

by Joshua T.
October 16, 2025

Sony Bank's subsidiary seeks a U.S. crypto banking charter for stablecoin issuance and custody services.

ETHZilla Executes 1-for-10 Reverse Stock Split

ETHZilla Executes 1-for-10 Reverse Stock Split

by Solomon M.
October 15, 2025

ETHZilla Corp announces 1-for-10 reverse stock split to increase share price. No immediate impact on ETH or crypto markets.

Fed's Miran Advocates Rapid Rate Cuts Amid Trade Tensions

Fed’s Miran Advocates Rapid Rate Cuts Amid Trade Tensions

by Solomon M.
October 15, 2025

Fed Governor Stephen Miran calls for rapid interest rate cuts during U.S.-China trade tensions.

Erebor Bank Secures OCC Approval with Peter Thiel's Backing

Erebor Bank Secures OCC Approval with Peter Thiel’s Backing

by Joshua T.
October 15, 2025

Erebor Bank, backed by Peter Thiel, obtains OCC's preliminary approval for stablecoin operations.

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.