After the re-hearing of the crypto case, the Supreme court of India has determined not to lift the ban on crypto activities in the country citing insufficient comments and grounds provided by the participants during the hearing.
The source in the know wrote that:
"Supreme Court listed the matter for final disposal on 11th September. All (remaining) parties to file their reply within 4 weeks."
Specifically, all parties concerned can submit comments within 4-week period before the final hearing. The next hearing is slated for early September.
For reference, India's Central Bank banned local banks from allowing their clients to buy digital coins via bank accounts. In early July, a number of crypto companies filed a petition requiring to cancel the order, but their claims were not satisfied. Meanwhile, the major local trading platform Zebpay suspended fiat operations.
As one of the officials commented, the government hardly considers a crypto ban, and the key problem is the regulation of the trading – the authorities need to know money sources. He also added that trading would become more regulated in case of certification of the cryptos as exchange commodities.