The Supreme Court issued an order that moves all pending petitions linked to the CoinRecoil’s suit against the Reserve Bank of India to the top court.
Flintstone Technologies Pvt. Ltd. has petitioned the courts to reverse the Reserve Bank of India’s bank on banks working with cryptocurrency exchanges. The Delhi High Court will hear the case on May 24.
The high court is giving just cause to the cryptocurrency fight in India, issuing a writ against the Reserve Bank of India, the Ministry of Finance, and the Goods and Services Tax Council in response to CoinRecoil’s petition.