India: Delhi High Court Seeks Response From Central Bank On Recent Crypto Ban, Report Says
Cointelegraph
Published Apr 22, 2018 09:26AM ET
Updated Apr 22, 2018 10:32AM ET
India: Delhi High Court Seeks Response From Central Bank On Recent Crypto Ban, Report Says
The High Court of Delhi has reportedly issued a notice to the Reserve Bank of India (RBI), the Ministry of Finance, and the Goods and Services Tax (GST) Council alleging that RBI’s decision to end dealings with crypto businesses violates the constitution, local news outlet Times of India reports today, April 22.
The High Court’s notice is reportedly in response to a claim filed by crypto company Kali Digital last week. After the RBI released a circular on April 5 stating that they would no longer provide services to a person or a business that deals in cryptocurrency, an online petition to reverse the ban was started, gaining over 43,000 signatures by press time.
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