This is certainly a big news that has come up as a major turning point for Indian population who were in a fix due to the volatility faced in India that was a result of negative publicity that the cryptocurrencies were banned by RBI in India.
Mainly RBI had issued instructions to all the banks to stop providing banking services to the crypto exchanges in the country. It is now understood that RBI has urged to Supreme Court for the necessity to regulate cryptocurrencies in India in order to control illegal transactions.
Finally it's a great pleasure to know that Indian Government has taken this on a positive note.
Friends, this is surely a very positive news and it will make things easy for all the genuine investors and trader.
Source: https://www.financialexpress.com/industry/necessary-to-regulate-bitcoin-rbi-to-supreme-court/1252653
Source: https://cointelegraph.com/news/reserve-bank-of-india-urges-supreme-court-to-regulate-crypto
Let's welcome this big relief and look forward for a big revolution here.
