The key word is "virtually".
There was nothing outlawed.
The RBI can't pass laws, that is the duty of the parliament.
Until those morons take a stance and make up their minds about cryptos, nothing is outlaws or banned or legal.
Right now BTC is in a grey area where everybody does as it pleases.
Topic: Cryptocurrency Virtually Outlawed in India as Supreme Court Backs Ban - page 2. (Read 259 times)
July 06, 2018, 11:55:50 AM
July 06, 2018, 03:27:51 AM
India is going a step further than most countries in cracking down on peer-to-peer money
In the legal challenge before the Supreme Court, the RBI said Bitcoins cannot be treated as currency under India's existing law that mandates coins to be made of metal or exist in physical form and stamped by the government. The court directed RBI to consider representations by cryptocurrency platform providers
Some countries in the world still have very strict policies for Bitcoin and cryptocurrency, but I think this is the wrong step for these countries because currently blockchain technology and cryptocurrency is the inevitable trend of the world. In the legal challenge before the Supreme Court, the RBI said Bitcoins cannot be treated as currency under India's existing law that mandates coins to be made of metal or exist in physical form and stamped by the government. The court directed RBI to consider representations by cryptocurrency platform providers
July 06, 2018, 03:26:25 AM
great July 06, 2018, 03:17:12 AM
India is going a step further than most countries in cracking down on peer-to-peer money
In the legal challenge before the Supreme Court, the RBI said Bitcoins cannot be treated as currency under India's existing law that mandates coins to be made of metal or exist in physical form and stamped by the government. The court directed RBI to consider representations by cryptocurrency platform providers
In the legal challenge before the Supreme Court, the RBI said Bitcoins cannot be treated as currency under India's existing law that mandates coins to be made of metal or exist in physical form and stamped by the government. The court directed RBI to consider representations by cryptocurrency platform providers
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