Since July 2018, due to a circular released by the Reserve Bank of India (RBI) in April, local banks were prohibited from dealing with bitcoin and cryptocurrency exchanges by the central bank. Last month, the Supreme Court of India provided the government four weeks to draft a cryptocurrency regulatory framework, which would decide the legal landscape of the cryptocurrency market in India for the foreseeable future. Depending on the outcome of the March 29 hearing set to occur four days from now, the future of the bitcoin and cryptocurrency exchange market of India will be decided. Unpacking India’s Backdoor Bitcoin

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