The case which was due to be on Monday was about whether the crypto community was allowed to trade in India.

The petition that challenges the Reserve Bank of India’s restrictions on crypto and it was expected to be brought before the courts but now things have changed.

It has been said that the senior counsel requested a postponement of the hearing due to already being engaged in another supreme court case.

The court order released later in the session and it stated that they were adjourning the matter until the 14th of January 2020, where it will be placed “at the top of the board.”

All of this was about a circular issued last year in April by the Reserve Bank of India (RBI). Within it the central bank banned banking firms in India from providing their services to businesses working with cryptocurrencies. Coming into effect three months later, the banks started closing crypto exchange accounts and forcing them out of business.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News


Latest Crypto News & Analysis

Editors’ Picks

BREAKING: Ethereum price hits new all-time high above $2,550

Ethereum price just had a breakout above the previous all-time high at $2,548 and faces no resistance ahead. The digital asset has been outperforming the market for the past two days and it's leading the other coins. The next most significant price target for ETH will be $3,000. 

More Ethereum News

Cardano could slip to a two-month low if key level cracks

Cardano has been trading somewhat sideways for the past two months and established a massive resistance trendline around $1.5. The digital asset could be on the brink of a significant leg down if bulls can’t hold key support level.

More Cardano News

Bitcoin hints at following ETH’s explosive rally, XRP indecisive

Bitcoin price seems to be coiling up for an upswing as it trades around a crucial support level. Ethereum, on the other hand, has already seen a massive run-up that might retest its local top. Unlike BTC or ETH, XRP shows signs of a drop from a technical perspective.

More Bitcoin News

Dogecoin loses momentum, but upswing could still evolve

Dogecoin price crashes 35% after the hyped “dogeday420” fails to gather steam. Despite losing its upswing momentum, the meme coin could still surge if it bounces off the immediate demand. On-chain metrics point to a grim outlook for DOGE.

More Dogecoin News

BEST CRYPTO BROKERS/EXCHANGES




Bitcoin Weekly Forecast: Institutional wave of BTC adoption follows new all-time highs

Bitcoin price hitting a new all-time high and Coinbase’s direct listing are perhaps two of the most important developments surrounding the pioneer cryptocurrency over the past week.

Read the weekly forecast

BTC

ETH

XRP