The Supreme Court of India has been hearing a case involving crypto-assets and the Reserve Bank of India (<a href="https://r.search.yahoo.com/_ylt=AwrPhS1evx1elXkANzm7HAx.;_ylu=X3oDMTByaW0wdmlxBGNvbG8Dc2czBHBvcwMyBHZ0aWQDBHNlYwNzcg--/RV=2/RE=1579036638/RO=10/RU=https%3a%2f%2fen.wikipedia.org%2fwiki%2fReserve_Bank_of_India/RK=2/RS=tWF1PXV6598qnc.B.hw8CFT7FhQ-">RBI</a>) for quite some time now. Initially, the date was mid-October, but then the court changed its mind and postponed it until November. However, the busy schedule of RBI’s senior counsel has been a stumbling block, and the hearing got postponed once again until today, January 14th, 2020.

Now, there have been developments as the Supreme Court is finally willing to be a listener and to bring the matter on the table, although not right away. Information suggests that the crypto issue is listed as item no #1, but the court is in favour of taking up item number #2 first. Past that, undivided attention would be given to the matter, and a more extensive bench matter, including items 101 to 103 would be put in place. While a few are holding a cynical view, some find this as a blessing in disguise as it can make the Supreme Court take a keener interest in the matter, giving it the time it needs and not just brush it off.
<h2>Supreme Court's Verdict to Resolve Long-Standing Impasse</h2>
Supreme Court Jogging our memory would remind us that RBI took a definite stance on it last year. It was the most ferocious foe of decentralized currency. On the other hand, Bankers and politicians are mostly in full favour of it. <a href="https://www.cryptoknowmics.com/news/india-central-bank-rbi-reveals-plans-to-create-sovereign-cryptocurrency">Rumours</a> suggested that RBI might go down the China way and look to launch its own CBDC. However, Shaktikanta, its Governor cleared the air that they are against the idea of a decentralized coin in any way whatsoever. The world waits in exhilarating fashion and anticipation, the willing witnesses have got their eyes on India, and are waiting whether the crypto ban would be uplifted or not. The crypto world might finally be at India’s doorstep.

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Supreme Court of India About to Resume Crypto vs RBI Case

The Supreme Court of India is finally ready to resume the crypto vs Reserve Bank of India case,as the whole world awaits the decision on crypto's future.

Zain is a fervid fan of bitcoin and has been meticulously covering the field for a fair amount of time now. An aficionado of Spider man, Liverpool and Slim Shady.

Supreme Court of India About to Resume Crypto vs RBI Case

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