The Delhi High Court has issued notices to regulators and some of the leading exchanges as it seeks to reign in what it believes are misleading ads on television and other digital media.
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.