The Supreme Court of India has now ordered the government to produce a cryptocurrency regulation policy in four weeks.
The cryptocurrency case has been listed as the top item in the cause list of the Supreme Court of India for 26th of February.
India's Kotak Mahindra Bank has begun to terminate accounts of users who they find being involved in cryptocurrency-related transactions.
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After almost a year-long period of uncertainty, it appears that the Indian government has finally decided to go lenient towards the crypto industry.