 "Photo: Reuters")
Maintaining that bitcoins and virtual currencies were “harmful”, the Reserve Bank of India’s (RBI’s) lawyer on Thursday told the Supreme Court (SC) that the central bank had asked banks not to provide any banking services to digital currency systems as it did not want it spreading like “contagion”.
A two-judge Bench, led by Justice Rohinton F Nariman, will start hearing final arguments in the case from February 26. The top court was hearing a bunch of petitions moved against the RBI’s decision to prohibit entities regulated by it from “providing any service in relation to virtual currencies, including those of
