What's you view on the court case ongoing in Supreme Court-Positive or Negative? - page 2.

amishmanish

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Quote from: erikalui on October 17, 2019, 04:33:03 AM

So it again got postponed. Why they aren't willing to even hear the case? I'm not being negative now and am absolutely clueless whether they want to ban it or not. Sad thing is that our Government has strong views when it comes to politics and nothing else and due to this so many exchanges went bankrupt inspite of following all legal norms.

Very true Erikaui. Sadly this really seems to be the case with the present Govt. They have played the populist politics very well to gain an unprecedented presence in both houses. Yet, it is getting more and more evident that they just don't have the expertise when it comes to policy making or implementation.

Also, I think the delay in SC is also attributable to the other massive hearing going on right now on the Ayodhya matter.

legendster

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Quote from: erikalui on October 17, 2019, 04:33:03 AM

So it again got postponed. Why they aren't willing to even hear the case? I'm not being negative now and am absolutely clueless whether they want to ban it or not. Sad thing is that our Government has strong views when it comes to politics and nothing else and due to this so many exchanges went bankrupt inspite of following all legal norms.

The postponement of the date could be because of holidays.

What's exciting is this : "..many countries were cautioning on rushing into this; - Sitharaman

Despite the negative pressure from the govt. they haven't outrightly said its something that is entirely a bad thing or banned for non-commercial use. They revolve around the word caution. Sooner or later they would have to realize that their caution to the public of the virtual money being used for terrorism or to invade consumer privacy is pure bullshit that the average person can see right through. It is then when they will have to shift their narrative.

pawanjain

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Nothing lasts forever

Quote from: ~Money~ on October 19, 2019, 03:38:25 AM

Quote from: libert19 on October 17, 2019, 11:38:01 PM

I guess that draft bill will be debated in winter session, this can overrule the court decision so this case may never get it's hearing.

actually that's what I am thinking rt now .. but if they ban crypto then it will huge loss for India and their people.. and govt action will increase the black market for buy n sell of crypto .. in the end, govt will lose tax and other charges.. and they will kill the thousands of crypto users income source. Angry

I believe we will never get a proper resolution in regard to the crypto hearing since it will always keep going on and on while other countries accept crypto and reap its benefits.
Only then will the Indian government realise the benefits of legalizing crypto and may be then accept crypto as it is.
Anyway, I have been kept on telling this, it won't matter if the India government doesn't favor the crypto case because there will still be ways to use crypto.
It's just that we will face little difficulties but it won't make us stop using crypto completely.

~Money~

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Quote from: libert19 on October 17, 2019, 11:38:01 PM

I guess that draft bill will be debated in winter session, this can overrule the court decision so this case may never get it's hearing.

actually that's what I am thinking rt now .. but if they ban crypto then it will huge loss for India and their people.. and govt action will increase the black market for buy n sell of crypto .. in the end, govt will lose tax and other charges.. and they will kill the thousands of crypto users income source. Angry

Stedsm

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Quote from: libert19 on October 17, 2019, 11:38:01 PM

I guess that draft bill will be debated in winter session, this can overrule the court decision so this case may never get it's hearing.

I believe they've just done what they wanted, stopped the banking services by not allowing them to serve exchanges and other people who are anyhow related to crypto dealings but everyone's got their way, thanks to the somewhat untraceable nature of BTC and if you do it right with the use of both VPN and a different address usage every single time you conduct a transaction, I think nobody will be able to trace your back till you leave any fingerprints (evidence) behind. Honestly, like most crypto enthusiastic people, I also don't want the decision to take place as this will be where the Central authorities will jive in, taking control of almost everything from the roots.

Quote from: ~Money~ on October 17, 2019, 05:19:23 AM

actually on 12 November we have Guru Nanak ji birth anniversary
--snip--

Please respect by keeping the first letter of Guru Nanak Devji in capital. However, FTFY.

libert19

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I guess that draft bill will be debated in winter session, this can overrule the court decision so this case may never get it's hearing.

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Quote from: ~Money~ on October 17, 2019, 05:19:23 AM

Quote from: erikalui on October 17, 2019, 04:33:03 AM

So it again got postponed. Why they aren't willing to even hear the case? I'm not being negative now and am absolutely clueless whether they want to ban it or not. Sad thing is that our Government has strong views when it comes to politics and nothing else and due to this so many exchanges went bankrupt inspite of following all legal norms.

actually on 12 November we have guru nanak ji birth anniversary and thts why off day on 12 nov... and on 19 nov not sure if court will hear the case or not, you know the indian law system .. everything and nothing is possible there Grin

Indian laws made of politicians influence and loopholes but not for the betterment of country.

~Money~

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Quote from: erikalui on October 17, 2019, 04:33:03 AM

So it again got postponed. Why they aren't willing to even hear the case? I'm not being negative now and am absolutely clueless whether they want to ban it or not. Sad thing is that our Government has strong views when it comes to politics and nothing else and due to this so many exchanges went bankrupt inspite of following all legal norms.

actually on 12 November we have guru nanak ji birth anniversary and thts why off day on 12 nov... and on 19 nov not sure if court will hear the case or not, you know the indian law system .. everything and nothing is possible there Grin

chronicsky

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Just looking for peace

almost a year now. or more ?

Regardless, am not sure i would want the decision to happen anyway because it does look like going to the wrong direction.

maybe it's good that we keep getting, tareekh pe tareekh

erikalui

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So it again got postponed. Why they aren't willing to even hear the case? I'm not being negative now and am absolutely clueless whether they want to ban it or not. Sad thing is that our Government has strong views when it comes to politics and nothing else and due to this so many exchanges went bankrupt inspite of following all legal norms.

~Money~

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little correction in court date: Next date is 19th November 2019. Initially the date of next hearing was fixed and verbally communicated by the Judge as 12th November. But since 12th Nov. is a holiday as per Supreme Court calendar, so the next date has been extended to 19th Nov .... taeekh Pe tareekh as expected:

Stedsm

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I strictly believe that the Gov is still not in favor of BTC at least and they want their national digital currency set up. I don't know why they want to come up with the same when we already have PayTM, though it doesn't have blockchain involved but all the remaining features are the same - everything straight from your bank account to the other party's account where we all get our finances tracked by the Gov and Higher authorities as well as Tax Authorities and we may be traced through as well as reached too because we give our number as well as many of us follow the KYC procedures as it is now mandatory. I think there should be a one on one debate between the community and some Gov officials in the court itself and the hearing should go on till a decision is taken because no matter whatever the outcome is, people will continue to use BTC and this might also increase some "in the dark" trades. It's like if we get something positive on our side, this will at least let those businesses (exchanges) get the pleasure to begin serving their customers with those trades which were stopped due to RBI's involvement here.

akhjob

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^ Yeah the adjournment of the crypto case has become a common thing :[ But I don't think that the Govt will impose outright ban on Crypto. I believe that they'll most probably comply with the guidelines set by the Financial Action Task Force(FATF) of the G20 nations. Further I'm sure that FATF will have a positive stance towards Crypto, considering that Japan is Crypto friendly.

~Money~

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Indian law system sucks very badly.. one thing is coming very frequently from there and its taeekh Pe tareekh Roll Eyes

the court could not hear the case and adjourned the hearing to 12 november 2019.may be govt is trying to push back so they can get some time for bringup the ban bill Undecided

.. I am 99% sure we will get crypto ban because banning is easy .you dont require to have teach knowledge for banning something, only 1% chance for regulations. Undecided

CoinFellow

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Quote from: sureshnsnet on September 07, 2019, 05:14:31 PM

Anyway crypto currency will be going to regulate in India very soon because of already top list country are regulated the crypto like Japan and more, and coming days some big companies like Facebook and telegram launching their own crypto coin, so I hope that Indian government and RBI will getting the crypto regulations in India very soon.

Users or even people who understand cryptos in India is a very minuscule percentage. These things are far from Government's mind to take care of. I think Supreme Court on this matter will only take a stand which aligns with Government's policies and directions. In this respect, I think India would go along with what is being done internationally like the committee formed during last G20 submit.

akhjob

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Quote from: legendster on October 12, 2019, 07:23:39 PM

Speaking from experience. Getting on the monthly causelist does not mean it'll def. be heard. It could be pushed down again. Seeing how little hype there is during these dates, I think it might not get covered either. Let's see what happens on Tuesday.

Out here in Calcutta, this date comes under the annual vacation dates. Not sure whats the case there...

I have my fair share of experience in civil court proceedings as well Wink

I didn't mean that it's listed as 1st in the monthly causelist. Instead, it will be listed on top of the board which means that it will be one of the first cases to be heard on a said day ie. it will be the 1st item in the daily causelist. But yeah if the Judge doesn't feel to hear the case he may postpone it. But normally if it was ordered to be listed on top of the board, the Judge is more willing to hear the case rather than adjourning it to another date.
You can check this - https://sci.gov.in/supremecourt/2018/19230/19230_2018_5_20_17303_Order_01-Oct-2019.pdf

Edit: Just checked the daily causelist - Its listed as Item No.2 in Court No.5

legendster

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Quote from: akhjob on October 12, 2019, 02:33:46 AM

Quote from: legendster on October 11, 2019, 10:54:39 PM

Does anyone know what happened to the 25th September date? (or the 1st October date) .. Was any progress made or was it postponed? (again)

The case was listed down the order on 25th Sep and 1st Oct causelist, so the case was not heard. Now the case is listed for hearing on 15th Oct on top of the board ie. Its 1st on the causelist. So the case will definitely be heard on 15th October.

Speaking from experience. Getting on the monthly causelist does not mean it'll def. be heard. It could be pushed down again. Seeing how little hype there is during these dates, I think it might not get covered either. Let's see what happens on Tuesday.

Out here in Calcutta, this date comes under the annual vacation dates. Not sure whats the case there...

akhjob

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Quote from: legendster on October 11, 2019, 10:54:39 PM

Does anyone know what happened to the 25th September date? (or the 1st October date) .. Was any progress made or was it postponed? (again)

The case was listed down the order on 25th Sep and 1st Oct causelist, so the case was not heard. Now the case is listed for hearing on 15th Oct on top of the board ie. Its 1st on the causelist. So the case will definitely be heard on 15th October.

legendster

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Does anyone know what happened to the 25th September date? (or the 1st October date) .. Was any progress made or was it postponed? (again)

amishmanish

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Considering the arguments, the petitioners have made a good case. Yet, the court has now taken the stand that they must "respond". The exchanges have not yet gotten any such response since Justice Nariman directed RBI to do so. (Or maybe privately they have).

The next hearing will only make sense once RBI has responded to the suggestions provided by the exchanges. A lot also depends on the way things are seen in media and how much traction they gain. Do retweet the posts by Nischal Shetty, WazirX founder at his twitter handle @NischalShetty

Topic: What's you view on the court case ongoing in Supreme Court-Positive or Negative? - page 2. (Read 690 times)