India, March 4 -- Cryptocurrency in India is all set to become legal as the Supreme Court has overturned a ban that was imposed by the Reserve Bank of India in April 2018. RBI had in 2018 given banks and other entities it regulated three months to suspend all banking relationships with individuals or organizations that dealt with Cryptocurrency.

However, the latest move by Supreme Court is being lauded by individuals and organizations alike. "We welcome the Supreme Court's decision to lift RBI's ban on trading in Cryptocurrency. We believe that banning tech is not the solution, a risk based framework must be developed to regulate and monitor Cryptocurrencies and tokens," tweeted NASSCOM.

"Finally sense prevailed. The Banking ban on Cryp...