![[Breaking]: Supreme Court strikes down RBI circular directing banks not to deal in transactions involving Cryptocurrency](https://gumlet.assettype.com/barandbench%2F2020-03%2F4c7876cb-8959-4126-b779-9af46afc0719%2FCryptocurrency.jpeg?auto=format%2Ccompress&fit=max)
The Supreme Court today struck down a circular issued by the Reserve Bank of India (RBI) which directed banks not to deal in transactions involving cryptocurrency (Internet Mobile Association of India v. Reserve Bank of India).
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