RBI must respond to cryptocurrency exchanges within two weeks, court rules

The Reserve Bank of India (RBI) has been given two weeks by the Supreme Court to resolve the concerns raised by the cryptocurrency exchanges in the country. It all began on July 2018, when RBI prohibited banks and financial agencies from supporting, dealing, or transacting with cryptocurrency-related businesses. This meant a big blow for the emerging companies as several exchange platforms wound up their operations in India. The cryptocurrency exchanges had questioned the central banking institution last year over limiting their access to banking channels and propagating restrictions instead of rules. Cryptocurrency exchanges retaliate The counsel representing the cryptocurrency exchanges