The Supreme Court of India has clubbed all the Bitcoin-related cases against the RBI circular dated-April 6, and will next hear the case on July 3rd.
With Zimbabwe central bank and many other banks in various countries including Pakistan having issued similar circulars, as was issued by the RBI on April 6, Bitcoin is now apparently facing more rejections than acceptance.
As cryptocurrency firms, enthusiasts and organisations moved various courts against the RBI circular dated April 6, the Supreme Court (SC) of India, upon hearing a related case, has directed to club all the petitions pending across various courts in this regard.
The Supreme Court has also refused to put any stay on the RBI circular, till the matter is under sub judice.