India's Supreme Court allows the police to sell cryptocurrencies, major exchanges can only envy and hate
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According to news, the local police cracked a large-scale Bitcoin mining fraud in Pune, India, arrested 10 criminals, and seized 237.7392 Bitcoins and 92.1 Ethereum, worth 5.1 billion US dollars. To protect the interests of victimized investors, the seized cryptocurrencies must be sold or liquidated.
The move sparked dissatisfaction with the Internet and Mobile Communications Association of India (IAMAI). Earlier, shortly after the RBI ban was introduced, the Network and Mobile Communications Association of India submitted a report to the Supreme Court of Indiapetitionpetition
, to protest the ban issued by RBI, and the Supreme Court of India decided to hold a hearing on July 20 to decide whether to stop or continue the RBI ban.
In addition to this, the Network and Mobile Communications Association of India has also submitted a document to the RBI detailing how blockchain works. They think that if the RBI gets to the bottom of blockchain, maybe the ban will be lifted or the ban will be relaxed. RBI said it would respond within seven days. But there has been no response yet.
The Indian Internet and Mobile Communications Association includes the main encryption exchanges in India. They are not willing to sit still. Before July 20, these exchanges began to start new businesses in an attempt to bypass banks and enable encrypted transactions to be directly traded peer-to-peer. Buy and sell normally.Wazirx launched when banks stopped servicing crypto exchanges on July 5P2P encrypted transaction service
Crypto exchange Koinex is also preparing to launch its own P2P network called Loop. The new service will be integrated into the Koinex web platform and mobile application.Unocoinandand, Unocoin CEO and co-founder Sathvik Vishwanath said that a new cryptocurrency transaction mechanism is being deployed.
(I am Yannan, a reporter from Odaily. I am exploring the real blockchain. Please add WeChat nangua421262 for breaking news and communicating. Please note your name, unit, position and reason.)
