Supreme Court hears RBI cryptocurrency case, orders government to file counter affidavit within 2 weeks

The cryptocurrency matter was listed for hearing in the Supreme Court of India today. According to updates provided by Crypto Kanoon, the cryptocurrency case was listed in Court No. 8 as item no. 19. The counsel representing the Indian government told the apex court that a committee has been set up to prepare a report on cryptocurrencies. The Court has now directed the government to file a counter-affidavit within two weeks. The case will be listed for hearing again after two weeks.

It is good to finally see some progress in the cryptocurrency case. Regulatory uncertainty has really stopped the cryptocurrency innovation in India and it will be good to get some clarity soon.

(Image credit: Weiss & Paarz)

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