India’s cryptocurrency exchanges face another 50 days of uncertainty

The wait continues for Indian cryptocurrency exchanges.

On July 20, after a short hearing, India’s supreme court set Sept. 11 as the date for the next hearing—and the pronouncement of a verdict—in the cases filed by the bourses against the Reserve Bank of India (RBI).

In April, the RBI came down heavily on these exchanges and traders, ordering banks to close all cryptocurrency-related accounts within three months. The deadline for that came into effect in the first week of July.

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