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Indian Crypto Platform Kali Digital Files Petition Against Reserve Bank of India

Tatjana KulkarnibyTatjana Kulkarni
April 18, 2018
in Payments, Risk & Security
Reading Time: 1 min read
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The crypto saga with India’s central bank continues. Kali Digital, an Indian cryptocurrency platform, filed a petition against the Reserve Bank of India, which recently banned all banks and financial services from dealing with cryptocurrency.

Yesterday, Ahmedabad-based Kali Digital filed a petition in the Delhi High Court against the Reserve Bank of India (RBI), stating that its ban on cryptocurrencies violates the Indian constitution.

Kali Digital Eco-Systems runs the crypto exchange CoinRecoil, which is scheduled to launch in August 2018.

The RBI has not commented on the petition yet.

Read more at Coindesk and Economic Times.

Tags: BitcoinBlockchaincryptocurrencyICOsReserve Bank of India
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