People familiar with the matter: India's central bank plans to file petition for review with Supreme Court to oppose previous verdict

According to the Economic Times, people familiar with the matter said that the Bank of India (RBI) plans to submit a petition to the Supreme Court of India to oppose the Indian Supreme Court's decision to reverse the central bank's encryption ban. The Reserve Bank of India is concerned that the Supreme Court's ruling on Wednesday could pave the way for virtual currency trading and put the banking system at risk. Khaitan & Co partner Abhishek A Rastogi said, "The Indian Supreme Court may be considering a petition for review by the Reserve Bank of India, but currently cryptocurrency platforms can operate in India."