India is seemed to face a serious struggle for the right to conduct crypto trade. As Bitnewstoday.com wrote earlier, in early July, the Supreme Court decided to maintain a ban on crypto transactions. However, crypto exchanges do not agree with this situation. In particular, the struggle continues within appeals to two articles of the Constitution; article 19 (1) which states that every citizen can enjoy the right to carry on any occupation, trade, or business; and article 14, which prohibits discrimination and mandates equal protection under the law for all.
Today, all the Indian crypto-enthusiasts have been waiting for the results of the new hearing in the Supreme Court, but they were not satisfied: the Chief Justice of India Deepak Mishra decided to postpone the verdict till September 11.
This event has caused a lot of negative comments among the crypto-enthusiasts of India. Thus, in the interview with Crypto-News India, an advocate representing the Internet and Mobile Association of India (IAMAI) said that the position of the Reserve Bank had a negative impact on the market and its participants. Crypto representatives have noted that after the presentation of petitions, the court did not endure any decisions — only postponed the hearing.
The position of Indian authorities is still unclear, and the situation becomes even more confusing. Bitnewstoday.ru will continue covering the agenda.