Press "Enter" to skip to content

Indian Supreme Court adjourns Case ‘Crypto Vs RBI’ in minutes, Next hearing in July 2nd week

The Indian Supreme Court was to be presented on March 29 by the Central Government with a decision on the rules of the cryptocurrency. However, the court adjourned the matter at the request of a government lawyer.

According to the Crypto Kanoon, this case is being heard for the last debate on a Non diversified day in the second week of July. Crypto Kanoon tweeted:

According to Coin Crunch India, within a few minutes of the hearing, the case was over. Which came as a shock because the crypto-community and other crypto-enthusiasts were waiting patiently for the hearing.

Prior to this, the Supreme Court of India had allocated four weeks time to the Union of India to make decisions on the rules related to the Cryptocurrency Ecosystem and to give clarity on the restrictions imposed by the Reserve Bank of India, the central bank of the country, in all crypto-transactions.

According to Naimish Sanghvi, the hearing was about to clarify these details and highlight the country’s stand on cryptocurrency, but was postponed within 10 seconds. However, the next date of the hearing remains unclear. Sanghvi tweeted,

“It took less than 10 seconds for crypto matter to be listed and gone in the supreme Court today. So much for a month long wait. I have a feeling we got a new date. Will wait till sources can confirm it.”

Another crypto-expert @DesiCryptoHodlr of India commented on this matter and mentioned the expected period on which the matter could be heard:

“As a single girl, I always wished for many dates this year. God apparently took it the wrong way and has given us many dates in the #CryptoVsRBI matter.
With little progress today, the next date for final arguments is 2nd week of July ’19.”

Indian Supreme Court

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *