The 4th of March 2020 remains a landmark date in India’s cryptocurrency history. The Supreme Court’s ruling to lift the RBI’s ban on banks facilitating crypto transactions not only revived the industry but also paved the way for a blockchain revolution in the country. Behind this success stood the relentless efforts of key individuals, including Unocoin’s co-founder, Harish B V, whose contributions helped shape the future of crypto in India.
A Struggle That Changed Everything
In April 2018, the Reserve Bank of India imposed a banking ban on cryptocurrency transactions, sending shockwaves through the industry. Many crypto exchanges were forced to shut down, and thousands of investors found themselves at a loss. However, Unocoin refused to back down. Determined to restore faith in crypto, Unocoin, along with other industry leaders, actively supported the Internet and Mobile Association of India (IAMAI) in challenging the ban.
Unocoin’s Commitment to the Industry
Unocoin, one of India’s pioneering cryptocurrency exchanges, played an instrumental role in ensuring that the ban did not mark the end of crypto in India. Harish B V, co-founder of Unocoin, remained on the frontlines, working alongside legal experts and advocates to defend the industry’s right to exist. His unwavering commitment, combined with the efforts of Advocate Jaideep Reddy of Nishith Desai Associates, Standing Counsel Ashim Sood, and real-time news reporter Danish, ensured that the Supreme Court heard the voices of India’s crypto community.
The Landmark Verdict
After 20 weeks of rigorous hearings, the Supreme Court delivered its historic judgment on 4th March 2020, striking down the RBI’s ban. This victory was a turning point for the Indian cryptocurrency industry, allowing businesses to regain access to banking services and enabling investors to trade freely once again.
A Future Shaped by Visionaries
The Supreme Court’s verdict reignited the crypto movement in India, and Unocoin continued to lead the way. By providing a secure and user-friendly platform for trading, Unocoin ensured that Indian users could once again engage in the global crypto economy. The company’s resilience and dedication cemented its status as a trusted exchange, empowering millions of crypto enthusiasts across the country.
Conclusion
The lifting of RBI’s ban was more than just a legal victory—it was a testament to the power of perseverance, vision, and unwavering belief in the future of digital assets. Unocoin played a pivotal role in this transformation as one of India’s leading crypto exchanges. Today, as India’s crypto ecosystem flourishes, Unocoin stands tall as a beacon of trust, innovation, and relentless dedication to the industry.
Please find the list of authentic Unocoin accounts for all your queries below:
Twitter: https://twitter.com/Unocoin
Telegram Group: https://t.me/Unocoin_Group
Telegram Channel: https://t.me/+fasQhTKBsfA5N2Zl
E-mail id: [email protected]
Other links: linktr.ee/unocoin
Contact details: 7788978910 (09:30 AM IST – 06:30 PM, Mon-Sat)
App store link: https://apps.apple.com/us/app/unocoin/id1030422972?ls=1
Playstore link: https://play.google.com/store/apps/details?id=com.unocoin.unocoinwallet
Disclaimer: Crypto products are unregulated as of this date in India. They could be highly volatile. At Unocoin, we understand that there is a need to protect consumer interests as this form of trading and investment has risks that consumers may not be aware of. To ensure that consumers who deal in crypto products are not misled, they are advised to DYOR (Do Your Own Research).
