The Supreme Court had earlier canceled a Reserve Bank of India circular that had restricted financial institutions from providing crypto-related services. The RBI had previously issued multiple public notices to caution users about the risks associated with digital currencies. India’s finance minister Nirmala Sitharaman said that she will go through the Supreme Court order permitting banks and financial organizations to provide crypto-related services. On Wednesday, the apex court set aside a Reserve Bank of India (RBI) circular of 2018 that had restricted financial institutions from providing services to any individual or business dealing in virtual currencies. At a recent press briefing, the minister said: I will have to go through the apex court order and then will probably meet you all to see what we want to do or how we look at the judgement. In 2019, an inter-ministerial committee had suggested banning private cryptocurrencies such as Bitcoin and criminalizing all activities related to virtual currencies. Sitharaman said that the ministry had not taken any decision regarding the panel report. On multiple occasions in the past, the RBI had issued public notices to caution users, holders and traders of virtual currencies regarding various risks associated with virtual currencies. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Tezos Price Analysis: Chart patter break could give us some clues FX Street 3 years The Supreme Court had earlier canceled a Reserve Bank of India circular that had restricted financial institutions from providing crypto-related services. The RBI had previously issued multiple public notices to caution users about the risks associated with digital currencies. India’s finance minister Nirmala Sitharaman said that she will go through the Supreme Court order permitting banks and financial organizations to provide crypto-related services. On Wednesday, the apex court set aside a Reserve Bank of India (RBI) circular of 2018 that had restricted financial institutions from providing services to any individual or business dealing in virtual currencies. At a recent press… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.