Hopes Wither For India’s Fintechs As Court Delays Crypto Ruling

Indian cryptocurrency exchanges were dealt another blow last week after the Supreme Court delayed a vital judgment on the validity of central bank restrictions on the payments technology.

The long-awaited hearing scheduled on Friday was expected to put an end to the dispute over rules imposed by the Reserve Bank of India (RBI) ordering regulated entities to sever ties with firms dealing with cryptocurrency.

However, the Securities and Exchange Board of India (SEBI), along with other authorities, failed to submit a report on their position in time, prompting judges to postpone the verdict until September 11.

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