Supreme Court Of India Reverse Cryptocurrency Ban

Cryptocurrency lovers are jubilating around the world has the Supreme Court of India reverse Cryptocurrency ban in the country. The ban has been effective since 2018. It can be recalled that the reserve bank of India (RBI) had in 2018 banned Cryptocurrencies transactions in the country.  This was a major challenge to the crypto traders as they could not trade legally in the country.

In reaction to the ruling, top Indian crypto service provider known as Zebpay took to their twitter handle to show their appreciation. Below is the content of the Tweet from @zebpay: “The verdict is out! Today the Supreme Court of India has removed the RBI ban on #crypto. We at ZebPay want to say a huge thank you to the SC for allowing millions of Indians to have access to crypto. #CryptoInIndia #BlockchainTheWorld”

The co-founder and CEO of CoinDCX, Sumit Gupta made it known that the verdict will open up new investment opportunities for India:

According to him, “Needless to say, today is a historic day for not just the crypto community, but for the entire country. We have always believed in the ideals of collaboration and today goes a long way in proving that communication and dialogue with decision-makers may lead to constructive, sensible outcomes for our industry. The uplifting of the ban by the Supreme Court is going to open new opportunities for India in terms of investments, economic growth, financial inclusion, and market maturation.”

The crypto community are pleased with this development and are thankful to the three-judge bench for standing up to the truth. So we can now firmly say that more cryptocurrency investment will spring up there as India reverse Cryptocurrency ban.