RBI said the Supreme Court, would encourage illegal transactions crypto currency

RBI will Recently encourage illegal transactions allow deals that Bitcoin as crypto currency (virtual currency) told the Supreme Court. The central bank said that it has already issued a circular to ban virtual currencies such
2Code for the crypto-currency government digital currency out of control, which businesses use technology. These gestures work outside the control of the Reserve. They would not interfere with the government. Chief Justice Dipak Misra led the bench, senior advocate appearing on behalf of the central bank before Shyam Divan Center has created a committee to address the issue of crypto currency or virtual currency
3The case is the last of the apex court and need immediate decisions. Bench, also comprising justices AMC Khanvilkr and Justice DY Chandrachud in. The central bank and the central government has sought three weeks to reply to several petitions in this regard. Back to the center and the central bank decided to file its reply and at the time of the date of the last hearing on these petitions 11 September.
Said some petitions challenging the use of virtual currencies that are a major threat to the traditional economy. It went to appeal to the guidelines for these currencies Regulation petitions. Also purchase these illegal crypto currency from government petitions trading has been requested to stop. There is went challenged six of the notification of April the Reserve Bank in some other petitions that prohibit transactions in virtual currencies