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SC ASKS HCS NOT TO ENTERTAIN PETITIONS RELATING TO RBI CIRCULAR PROHIBITING VIRTUAL CURRENCIES

The Supreme Court has asked high courts across the country not to entertain any petition relating to the circular issued by the Reserve Bank of India on “Prohibition on dealing in Virtual Currencies’. A bench headed by the Chief Justice of India Dipak Misra issued this order while staying further proceedings pending before Delhi and Calcutta High Courts.