RBI clear that it's circular dated 06/04/2018 (related to prohibition in transaction of Crypto currency) was set aside by Hon'ble Supreme Court on 04/03/2020.
It can be treated as indirect green signal to the transactions in Crypto Currencies or Virtual Currencies subject to proper due diligence by banks to avoid money laundering .
Still more caution is required to deal in unregulated and highly volatile world of crypto.
#cryptocurrency #RBI #VirtualCurrency #bitcoin #investment
