Crypto vs RBI case resumed hearing today, 20/8/2019 in Supreme Court, Court No. 5. Ashim Sood, counsel for the Internet and Mobile Association of India (IAMAI), questioned RBI’ ban on Cryptocurrency stating FATF guidelines suppress the illicit side of Crypto assets and earlier docs of RBI shows no study took place.
Mr. Nakul Dewan, Ld. Senior Advocate is briefing the court about RBI concerns regarding Virtual Currency. Ashim Sood effectively counters each concerns of RBI. The court adjourns for Lunch as we write.