Indian Central Bank responds: - "About crypto restrictions"

It is directed by the Supreme Court of the country. Indian Supreme Court has responded to the Central Bank for seven days after hearing the petition by India and Internet Association against the Ban on last week's plea. This Central Bank of India has responded to a representation about its crypto banking ban.

It’s stating that till now its answer cannot be made public. According to Sohail Merchant, CEO of Indian Crypto Exchange Pocket-bits RBI have answered two pages generic response. However, he has not done much to comment.

Its controlling and providing Crypto Exchange in the services provided to companies working in cryptocurrencies. On April 6 this central bank was issued a circular to ban all financial institutions.