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After years of intense battle in the halls of the Supreme Court, the Indian Crypto community rejoices after the Supreme Court verdict came out to be in the favor of cryptocurrency and allowing the exchange of cryptocurrencies like Bitcoin to INR. After the panel lifted the ban which was previously imposed by the Reserved Bank of India (RBI) that forbade regulated financial institutions from providing services to businesses that dealt in cryptocurrencies.
Even though the upliftment of the ban might help in the propagation of the concept of cryptocurrencies in the sub-continent, it is the bitter truth that majority of the population are either unaware or are have a vague idea about the concept of cryptocurrencies.
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