Internet and Mobile Association of India vs Reserve Bank of India, [Writ Petition (Civil) No. 528 of 2018]

In a prominent decision, the Supreme Court of India abolished the prohibitions imposed by the Reserve Bank of India on limited institutions such as banks and NBFCs from dealing with virtual currencies and offering services to crypto companies. The Supreme Court reversed a prohibition on central bank banning lenders from authorising cryptocurrency exchange banking transactions and trades, lifting a significant obstacle in the sector's growth.

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