India’s highest court has determined that the country’s central bank was wrong to try to block crypto activity.
The Reserve Bank of India has previously refused to work with crypto companies, effectively strangling the crypto sector in India.
The Supreme Court of India had been due to hear evidence on the decision from the Reserve Bank of India to ban cryptocurrency-related business, with a new date set for November 19.
India’s Supreme Court has ordered authorities in the country to come up with regulations for Bitcoin and other cryptocurrencies within the next four weeks.
The Supreme Court in Chile has issued a decision allowing the state bank Banco del Estado de Chile to close the account of cryptocurrency exchange Orionx .
The Indian government must release its finding on cryptocurrencies within two weeks, as ordered by the country’s Supreme Court.
Cryptocurrencies like Bitcoin need to be regulated in India as they “encourage illegal transactions.” That was the argument that the Reserve Bank of India (RBI) made last Friday before the Supreme Court of India.
The U.S. Supreme Court denied Ross Ulbricht's petition for writ of certiorari, bringing the former Silk Road operator's legal saga to a "devastating" close.
In a petition for writ of certiorari filed to the U.S. Supreme Court, Ulbricht's attorneys argued that the case has "unresolved constitutional questions."
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.