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Finance

Startup Street: As SC lifts ban on cryptocurrencies, will future of virtual money be bright?

Updated : March 04, 2020 10:51 PM IST

The Supreme Court has struck down RBI’s ban on trading in virtual currency, cryptocurrencies and bitcoins. India's cryptocurrency community has been battling this ban for nearly two years.

The RBI, in April 2018, had barred recognised entities from cryptocurrency transactions in India. This is a huge step forward for India’s crypto community and hopefully there will now be more startups emerging from this space in the next few months.

CNBC-TV18 spoke to Rahul Pagidiparti, CEO of Zebpay, Sathvik Vishwanath, CEO and co-founder of Unocoin, and policy specialist Tanvi Ratna to understand what the future looks like.

In a major setback for Flipkart, the National Company Law Appellate Tribunal (NCLAT) has paved the way for a Competition Commission of India (CCI) investigation against the company on allegations that it abused its market dominance.

NCLAT has ruled in favour of All India Online Vendors Association (AIOVA), setting aside CCI's order, which had given Flipkart clean chit in 2018.

This comes after Karnataka High Court recently stayed CCI's January order asking for a probe against both Flipkart and Amazon, based on Section 3 of the Competition Act on alleged anti-competitive practices.

CNBC-TV18, caught up with Chanakya Basa, counsel for All India Online Vendors Association, to discuss the NCLAT order.

On ‘Hot Seat’, there is former PayU India head Amrish Rau, who recently announced that he was leaving the payments company, has taken over as the CEO of Point of Sale (POS) payments company Pine Labs.

CNBC-TV18 talked to Amrish Rau to find out what is his new role going to be.

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