It has come to our attention through media reports that certain banks/ regulated entities have cautioned their customers against dealing in virtual currencies by referring to the RBI circular DBR.No.BP.BC.104/08.13.102/2017-18 dated April 06, 2018. Such references to the above circular by banks/ regulated entities are not in order as this circular was set aside by the Hon’ble Supreme Court on March 04, 2020, in the matter of Writ Petition (Civil) No.528 of 2018 (Internet and Mobile Association of India v. Reserve Bank of India). As such, given the order of the Hon’ble Supreme Court, the circular is no longer valid from the date of the Supreme Court judgment, and therefore cannot be cited or quoted from.
Just-In: RBI Clarifies Banks Can't Use 2018 Circular to Deny Customer Transactions
coingape.com
+ 22 more
31 May 2021 14:20, UTC
Similar news (22)
Add similar news
Reserve Bank of India Directs Banks & Regulated Entities to Stop Deplatforming Crypto Customers
bitcoinexchangeguide.com
01 June 2021 10:51, UTC
Has India’s central bank changed its mind about cryptocurrencies?
qz.com
01 June 2021 09:43, UTC
Indian central bank in climbdown over crypto ban
forkast.news
01 June 2021 09:41, UTC
Central Bank of India Asks Local Banks Not to Quote 2018 Circular to Restrict Crypto Trading
coinspeaker.com
01 June 2021 08:03, UTC
There is No Ban on Cryptocurrencies in India, Notifies Central Bank
crypto-economy.com
01 June 2021 03:49, UTC
The Reserve Bank of India Confirms Cryptocurrencies Are Not Illegal
cryptoknowmics.com
01 June 2021 02:00, UTC
India Says Banks Cannot Restrict Crypto Transactions | Crypto Briefing
cryptobriefing.com
31 May 2021 17:34, UTC
India’s Central Bank Tells Banks Not to Rely On Defeated Crypto Ban
decrypt.co
31 May 2021 16:18, UTC
India: RBI Instructs Banks to Provide Uninterrupted Crypto Trading Services to Customers | BTCMANAGER
btcmanager.com
31 May 2021 16:00, UTC
Relief For Crypto Community As India’s Central Bank Sets The Record Straight On Cryptocurrency Ban
zycrypto.com
31 May 2021 15:59, UTC
RBI: Banks Can’t Cite 2018 Circular to Deny Services to Customers Dealing With Crypto
beincrypto.com
31 May 2021 15:20, UTC
Reserve Bank of India Officially Renounces Earlier Ban Against Crypto
coinfomania.com
31 May 2021 14:07, UTC
Indian Banks are Reportedly Using RBI's Quashed Circular From 2018 to Warn Users Against Crypto
coingape.com
31 May 2021 13:19, UTC
Indian Central Bank Issues Statement As Local Banks Caution Against Cryptos | Finance Magnates
financemagnates.com
31 May 2021 13:15, UTC
India's central bank confirms banks can't restrict processing crypto transactions
finbold.com
31 May 2021 13:04, UTC
India’s Central Bank Ordered Uninhibited Crypto Trading | CryptoGazette - Cryptocurrency News
cryptogazette.com
31 May 2021 12:50, UTC
India's Central Bank RBI Confirms Crypto Banking Ban 'No Longer Valid' — Asks Banks to Stop Quoting It
news.bitcoin.com
31 May 2021 12:30, UTC
Reserve Bank of India With Important Clarifications on Crypto Regulations
cryptopotato.com
31 May 2021 12:28, UTC
Reserve Bank of India slams banks after they stop services for crypto users
cryptoslate.com
31 May 2021 12:08, UTC
Indian central bank clarifies regulations as local banks shun crypto
cointelegraph.com
31 May 2021 11:54, UTC
Reserve Bank of India Clarifies That There Is No Ban on Cryptocurrencies
u.today
31 May 2021 11:09, UTC
More
Add similar news
Send us a link to a similar news story on another source.