Given the uncertainty, I think supreme court will favor the government . Most countries will support once a proper regulatory scheme is in place.We just avoided the next crypto blood bath since SEC took a wait and see approach.If not all cryptos except bitcoin would have been labeled securities and either would have needed to shutdown or comply with securities law
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Supreme Court so far favours RBI but hopefully once all the facts are out I hope it will make the right decision. I've posted an update to this today.