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ARTICLE · 10 MARCH 2020

Fight For Survival Of Cryptocurrencies In India

Ikigai Law
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The nearly two-year long challenge by Indian cryptocurrency users, traders and exchanges, against the April 6, 2018 RBI circular[1], which cut off such users' access to the formal economy has come to a close.

IndiaTechnology
Ikigai Law
Ikigai Law
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The nearly two-year long challenge by Indian cryptocurrency users, traders and exchanges, against the April 6, 2018 RBI circular1, which cut off such users' access to the formal economy has come to a close. On Tuesday, 28 January 2020 arguments in the writ petition challenging the circular before the Supreme Court were concluded and the judgment was delivered on 4 March 2020.

Ikigai Law filed the first petition before the Supreme Court in this matter on behalf of exchanges Koinex, CoinDCX, Throughbit and CoinDelta. A copy of the petition filed by Ikigai Law can be accessed here (part 1, part 2 & part 3). The firm worked with Senior Advocate Nakul Dewan and AoR Avinash Menon.

We have created a short summary of arguments made by both sides.

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