India's Supreme Court to rule today on central bank ban on bank crypto operations

India's Supreme Court will today rule on a statement against the Bank of India's (RBI) ban on banks from trading cryptocurrencies in 2018. Members of the Indian Internet and Mobile Association (IAMAI), including cryptocurrency exchanges and other institutions, have contacted the Supreme Court and opposed a notice issued by the RBI in 2018, which requires regulated entities not to contact cryptocurrencies Deal with. The petitioner believes that the Indian central bank's announcement of the withdrawal of cryptocurrencies from banking channels will weaken the ability of law enforcement agencies to monitor illegal activities in the industry.