CoinRecoil suit against RBI goes before the Supreme Court
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.
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.
CoinRecoil explains its stance in the fight for cryptocurrency freedom in India.
CoinRecoil is arguing that Reserve Bank of India's prohibition violates the country’s constitution. Specifically, as it relates to the rights of an individual to conduct any activity, business or trade without fear of discrimination.