Banks can’t cite RBI’s 2018 circular to warn customers against dealing in Cryptocurrencies, as it wa

RBI on May 31, 2021, has issued a clarification that the RBI circular dated 6th April 2018 ‘2018 Circular’ to ban cryptocurrencies wasn’t valid as it had been struck down by the Apex Court last year. ‘2018 Circular’ directed lenders to stop dealing in virtual currencies.RBI on May 31, 2021, has issued a clarification that the RBI circular dated 6th April 2018 ‘2018 Circular’ to ban cryptocurrencies wasn’t valid as it had been struck down by the Apex Court last year. ‘2018 Circular’ directed lenders to stop dealing in virtual currencies.taxmann.com NewsRead More

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