India’s supreme court heard the crypto case in detail over three consecutive days this week. In addition to intense arguments against the central bank having the power to ban crypto, the judges learned how other countries regulate this new sector, the amended EU directive, the FATF guidance, and less invasive crypto measures.
Also read: Regulatory Roundup: EU-Wide Crypto Regulations, New Rules in Europe, US, Asia
3 Days of Crypto Case at Supreme Court This Week
The Supreme Court of India began hearing the crypto case for the year on Tuesday as scheduled. The counsel for the Internet and Mobile Association of India (IAMAI), Ashim Sood, took the center stage, recapping the case for the judges. He then spent all day Wednesday presenting extensive arguments against the banking restriction imposed by the central bank, the Reserve Bank of India (RBI), as News.Bitcoin.com has reported.
Thursday was another full day at the supreme court for the crypto case, local news platform Crypto Kanoon reported. Sood started by arguing that the RBI…