India: Delhi High Court Seeks Response From Central Bank On Recent Crypto Ban, Report SaysThe High Court of Delhi has reportedly issued a notice to the Reserve Bank of India (RBI), the Ministry of Finance, and the Goods and Services Tax (GST) Council alleging that RBIs decision to end dealings with crypto businesses violates the constitution, local news outlet Times of India reports today, April 22.
The High Courts notice is reportedly in response to a claim filed by crypto company Kali Digital last week. After the RBI released a circular on April 5 stating that they would no longer provide services to a person or a business that deals in cryptocurrency, an online petition to reverse the ban was started, gaining over 43,000 signatures by press time.
Kali Digital, which runs the crypto exchange CoinRecoil, set to be launched in August 2018, filed an official claim on April 16, stating that RBIs circular violates constitutional Articles 19 (1) (g) allowing citizens the right to any occupation, trade, or business and Article 14 prohibiting discrimination between equals. The High Court of Delhis notice, issued by Judges S. Ravindra Bhat and A. K. Chawla, asks for a response from the three parties involved by May 24.
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https://cointelegraph.com/news/india-delhi-high-court-seeks-response-from-central-bank-on-recent-crypto-ban-report-says
