The Supreme Court of India will listen to all cases that have been filed against the Reserve Bank of India on July 20, reports the Economic Times. A total of five petitions have been filed against the country’s central bank after it issued a circular in April that barred any financial institution that it regulates from providing services to crypto-related businesses. The Supreme Court itself issued a directive that bars all the …
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When regulators attempt to clamp down on Bitcoin and cryptocurrency activity, the public will respond in one way or another. In India, it seems things are heading in a completely different direction compared to what one would expect. With the central bank recently attempting to ban Bitcoin activity, the institution now faces legal ramifications for doing so. India’s Central Bank in the Hot Seat For as long as most cryptocurrency …
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Bitcoin has taken a small tumble since yesterday’s figure of $6,800. At press time, the price has fallen by about $100 and bitcoin sits at just over $6,700. The fall may have occurred for several reasons, one being the recent hack of privacy-oriented cryptocurrency Verge. The attack was noticed by a bitcointalk.org user, who claimed that “several bugs” were used to infiltrate Verge’s code. The hacker than rewarded himself (or …
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