RBI on May 31, 2021, has issued a clarification that the RBI circular dated 6th April 2018 ‘2018 Circular’ to ban cryptocurrencies wasn’t valid as it had been struck down by the Apex Court last year. ‘2018 Circular’ directed lenders to stop dealing in virtual currencies.
from taxmann.com News https://www.taxmann.com/research/direct-tax-laws/top-story/222330000000021402/banks-can’t-cite-rbi’s-2018-circular-to-warn-customers-against-dealing-in-cryptocurrencies-as-it-was-quashed-by-sc.aspx
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