Exchanges in India Want to Challenge Crypto Crackdown of Reserve Bank.

[hasyu]

Exchanges in India Want to Challenge Crypto Crackdown of Reserve Bank

In India exchanges are thinking methods to challenge a new announcement from central bank which ordered organizations to stop working with companies that offer cryptocurrency services. Startups have cautioned about disturbances to their services if banking providers pull out of market. But at the same time declarations suggest industry is preparing to stand a legal challenge. Central bank of India publicized ban as previously reported. Coin secure chief operating officer Jincy Samuel said industry stakeholders debating the issue with groups such as the Blockchain and Cryptocurrency Committee of India and the Internet and Mobile Association of India.
They said to an online website news channel we along with other industries are in talks to see if they could help us in hearing at the Supreme Court to see if stay orders are possible on the current decision of the RBI. This will affect all crypto exchanges in country as that would leave users with no options.

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