Mobile body IAMAI moves apex court over RBI's cryptocurrency ban
Updated : May 17, 2018 11:44 AM IST
The Internet and Mobile Association of India (IAMAI) has filed a writ petition in the Supreme Court to put a stay on the central bank's order on banning cryptocurrency, The Economic Times reported.
The Reserve Bank of India (RBI) refused to declare the use and dealing of virtual currencies even by regulated entities on April 6, at the RBI policy meet.
IAMAI’s petition was the fifth such petition to be filed in the apex court, the report said, referring to the filing spotted in the Supreme Court's website.