The Supreme Court today struck down a circular issued by the Reserve Bank of India (RBI) which directed banks not to deal in transactions involving cryptocurrency (Internet Mobile Association of India v. Reserve Bank of India). In April 2018, the Reserve Bank of India had issued a circular barring banking and financial services from dealing in Read More →

  Zebpay, the largest cryptocurrency exchange in India, today announced the closure of its activities. On 28 September 2018 Zebpay said that it will be shutting down its operations. This move comes five months after the RBI banned banks and registered financial institutions from providing any service to crypto exchanges. The Finance Ministry, earlier this Read More →