Supreme Court Verdict on CryptocurrencyAfter almost two years, the Indian crypto community finally won the battle against the Reserve Bank of India (RBI), and crypto enthusiasts are celebrating worldwide. The Supreme Court of India passed judgment on Wednesday striking down the central bank’s April 2018 circular which bans regulated financial institutions from providing services to crypto businesses. The court held that the RBI circular is unconstitutional.The Reserve Bank of India (RBI) has confirmed that cryptocurrency is not banned in India. During the latest supreme court hearing of the crypto case, the central bank’s reply to the Internet and Mobile Association of India was read out in detail. The RBI clarified that it only fenced in the entities it regulates, such as banks, from risks associated with trading cryptocurrencies.