The Indian Reserve Bank (RBI), along with its latest document, claimed that the Constitutional Court in the country did not have the power to interfere with the crypto money bans that they received. Crypto coins The Indian Reserve Bank (RBI), which imposes prohibitions on the government and supports it from the government, does not take a backward step in this issue despite the frequent reaction within the country.
The Constitutional Court notes that the abolition of these prohibitions should be abolished immediately and that taking steps in accordance with the government's demands, which does not have a legal basis, is against human rights and the laws of the country.
Elite layer very little, 80% bad condition
The fact that the elite stratum is extremely low in India, and that the people, who are close to 80%, are ignorant, uneducated, and ignorant, and the existing government rules and laws do not have the desire to develop themselves. The remaining 20% in the country will continue to fight against all problems and crypto coins He says that they will never obey the prohibitions on their prohibition and prohibition and they will not allow this situation which is contrary to human rights and which they see as economic individual coup.
Reserve Bank of India Almost two months have passed since the ban on crypto currencies and the ban on banking institutions to receive banking services. One of India's leading Bitcoin exchanges the UnocoinCEO and co-founder Sathvik Vishwanathtalked about the process after the ban on the central bank.
All Eyes In The High Court
On April 6, the RBI issued a circular preventing all financial institutions from doing business with crypto enterprises. The RBI then gave a 3-month deadline for the imposition of the ban and said he wanted no one to be a victim. Then a few crypto money-related institutions went against the court against the RBI ruling. Next hearing September 11postponed.
Sathvik Vishwanath says:
M This decision not only prevented new users from joining the platform. Volumes have been severely reduced as they have also damaged existing users. Everyone on the market is waiting for the hearing on 11 September. Şu
The Unocoin stock market owned by Sathvik continues to grow, albeit slowly. According to the CEO, the stock market now has göre 20,000 monthly users CEO. CEO, who expressed this figure günde every 3 days hiç in the good months of the market, is not satisfied with the situation.
However, after the ban, some local crypto money exchanges began to find alternative ways for Indian Rupee shooting. The most popular way is to pierce the central bank's ban through peer-to-peer (P2P) services. Users do this with offshore accounts, and there's nothing they can do about it.
Although Sathvik says such methods work temporarily, he stresses that the market will die in the long run. According to the CEO, the prohibition will be lifted highly on September 11th.