In India, for instance, the RBI issued a circular in 2018 directing all regulated entities not to deal with or provide services to businesses and individuals trading in virtual currencies, inter alia, to protect the financial system. However, the circular was challenged before the Supreme Court of India, which struck down the ban in terms of the circular as being excessive and disproportionate.
The article was authored by Varun Sriram, Partner, and was published in Outlook.
Click here to read the full article.
Varun Sriram is a Partner at JSA with nearly two decades of experience in corporate and M&A transactions, fund structuring, and private client advisory. He counsels leading business houses, promoter families, technology companies, and HNIs on strategic, commercial, and estate planning matters, and has led several multimillion‑dollar deals across diverse sectors.