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Crypto Industry to request government for relaxation in norms

February 25, 2019 / Ashish Shukla

The cryptocurrency industry is now uniting against the government's order to ban the virtual currency in the country. The ecosystem will be coming on a single platform to deliberate on the possibilities of its future in India. It is to be noted that last year, India virtually banned cryptocurrencies like bitcoin with the Reserve Bank of India(RBI) barring regulated entities from providing services to any individual or business dealing in digital currencies. Later in the same year, even the Supreme Court of India refused to grant any interim relief to cryptocurrency exchanges against the Reserve Bank of India's (RBI) crackdown on them.