The long wait for the Indian cryptocurrency community continues. As we had predicted in an earlier blog post, there was no significant development in the RBI vs Cryptocurrency Matter in the Supreme Court. According to updates provided by Blockchain Regulatory analysis platform Crypto Kanoon, the Supreme Court adjourned the matter at the request of the government counsel.
The RBI vs Cryptocurrency case has now been pushed back to July. The final arguments in the matter will likely be heard in the second week of July 2019. This was to be expected since the current government is busy with Lok Sabha Elections 2019, and the new government will be able to settle down and work on new policies only by July.
While the wait for the Indian cryptocurrency community continues, we urge you to keep voicing your opinions and concerns to the government. You can also follow WazirX CEO Nishcal Shetty’s ‘India Wants Crypto’ Twitter campaign and help spread the word.