"Prohibition of Crypto Transactions by the RBI Upheld by the Supreme Court"

New Delhi: Hearing the petition against the Reserve Bank of India (RBI) ban on banking dealings with cryptocurrency-related businesses, the Supreme Court of India upheld the principal bank’s decision. Earlier, the Supreme Court of India ruled that all cases related to cryptocurrencies should be counted on July 20, 2018 as the date for the hearing, but since the ban imposed by the Reserve Bank of India will be in effect from July 6, 2018, the Supreme Court has accepted the authority’s request. Industrial and set July 3, 2018 as the date for the hearing.
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Thus, the Supreme Court again rejected the suspension of the RBI on April 6, which directed all banks to extract themselves from existing relationships with cryptocurrency exchanges and traders within three months, and is set to come into effect on July 6.

The controversial blockade imposed by the central bank has led to public and industrial petitions, with some appealing to the courts on the grounds that the decision is unconstitutional.

The Internet and Mobile Association of India (IAMAI), which is a member of several cryptocurrency exchanges challenging the RBI’s stance, has requested an early hearing in the Supreme Court. The court set an initial date for July 20, two weeks after the ban took effect.

At a previous hearing on the petition on May 17, IAMAI was asked to file a case against the central bank. Quartz India quoted Nischal Shetty, CEO of cryptocurrency exchange Waziri, as saying, “We had a detailed presentation that could have given RBI a clearer picture of what a blockchain is, how exchanges work, etc., but we haven’t heard any response. Of them so far.At the hearing, the RBI was also directed by the Supreme Court to respond to statues put in by the companies in the next seven days.
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A Twitter post from a team of Indian lawyers involved in cryptocurrency regulatory analysis confirms that today the Supreme Court directed RBI to “respond with grounds” to represent IAMAI. The Supreme Court will hear the petitions at the aforementioned 20 July hearing.

Despite its hard-line stance against decentralized cryptocurrencies, the Reserve Bank of India is said to be considering issuing its central bank digital currency (CBDC).

Still some are optimistic about the country’s future in the crypto space, with Ripple’s Global Head of Infrastructure Innovation (XRP) earlier this month saying he expects a positive regulatory framework to be released from RBI in the long run.

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Source: Digitalworldeconomy



Boutiqueia road bikes – truly the choice of the professionals

Boutiqueia road bikes are a common name on and off the classic racetrack. Professional cyclists and collectors often choose this brand. But if you are not a professional rider or bike collector, don’t worry. Boutiqueia Road Bikes has a distinct range of bikes that will surely suit the needs of any cyclist.
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Bottecchia CF66 Pro is cyclists’ bet for smooth performance. It has a single frame that’s reinforced by a carbon fiber fork. It also has Shimano Ultrega derailleur and shifter. Besides, there is an FSA SLK carbon fiber crank and a Mega-Expo bottom bracket. Who wouldn’t want such a powerful bike? If you are the type who wants an electric bike then these types of bikes are for you.
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On the other hand, Bottecchia CF662 is a higher class compared to Bottecchia CF66 Pro. Believed to have a similar body kit, Bottecchia CF662 is more of the weekend contestant’s pick. It contains a Shimano Ultrega derailleur and shifter, 105 components and an FSA Gossamar alloy crank. It also has an ISIS bottom brace and a Vuelta Pro wheel set. Compared to Bottecchia CF66 Pro, this one is cheaper. Ready to work for the weekend? If so, this is definitely for you and your adventures.
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Now, Bottecchia CF78 is for hardcore professionals. Unlike the Bottecchia CF66 models, this has a brushed carbon fiber frame and Shimano Dura Ace derailleur and shifter. Also, it has a lightweight and durable FSA SLK carbon-fiber crank, a Mega-Expo undercarriage and a Vuelta XRP Pro wheel set. Are you excited to have a powerful cycling experience? If action is what you want, then take on Boutiqueia Road Bikes!
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There’s also a Bottecchia USA road bike. This bike is made of aluminum and carbon tires made from Taiwan. However, this type of road bike is just an arrangement for distribution in the USA with Bottecchia under its name in the USA, but nevertheless, this type of bike will not disappoint you in any way.
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Whether you are a professional cyclist, weekend cyclist, die-hard professional or just a regular cyclist, there are Boutiqueia road bikes that will definitely suit your needs. Just choose the right type of bike that suits your style and cycling ability. So when choosing a bike, choose the pros. With Boutiqueia Road Bikes, get more than just a road bike!


Super boutique bikes

Bottecchia’s new line of bikes is exceptionally cool! Bottecchia CF66 Pro for example, is the eye candy for professional runners. With its premium specifications and equipment, the CF66 Pro will definitely let the competition chew on the dust. Its silky smooth performance is made possible by a full carbon monochrome frame backed by a carbon fiber fork. Another popular bike celebrity is the CF662 which is as elegant as the CF66 Pro and with similar frame assembly.
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These bikes have been at the forefront of the bike industry for decades. The company’s line of tires, parts and accessories is renowned for its quality, design and performance. Consequently, the demand is increasing for both professional and non-professional athletes and motorcyclists. Its competitive advantages make it one of the few bike brands in the world to deliver high-quality performance, stylish design and the ultimate bike riding experience.

The brand offers a variety of bikes to suit every emerging demand on the road. But before deciding to buy a boutique, you must first verify your budget. Always stick to your budget and never buy a bike that will leave you completely penniless even if it has the highest specifications possible. These bikes can be found on many online dealer sites where the best brands of bicycles are sold daily. However, for purposes of quality assurance, it is highly recommended that you purchase Bottecchia from certified dealers and nearby retail outlets.
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For the cyclists who dig with carbon fiber tires, Team Bottechia CF78 offers a luxurious riding experience. Such trim on this model is matched by the extreme efficiency of Shimano DuraAce rail motors and switches, a lightweight but durable FSA SLK carbon-fiber crank, Mega-Expo’s reliable undercarriage and Vuelta XRP Pro wheel set, some of the features that make for On a diffused finish.
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In conclusion, Bottecchia is reviewed as one of the few myths of the bike industry. In fact, Boutique is now represented across Europe with 300 merchants in Italy as well as dealers in Germany, Belgium, France, Austria, Denmark, Britain and Slovenia.