Too Long; Didn't Read
The Supreme Court of India resumed hearing the Crypto vs. RBI case on Tuesday, August 20. Amit Sood, counsel for the Internet and Mobile Association of India (IAMAI), continued his arguments. Sood provided examples of the countries and the states in the U.S. where the authorities had brought in regulations and not banned virtual currencies. Nakul Dewan, the senior advocate representing the exchanges’ petition, discussed RBI’s concerns and tried to prove that they were unfounded.