Cryptos have changed moderately at the end of the week.
Bitcoin changed hands on the Bitfinex at $6,523. Ethereum quotes on this platform dropped to $203.80. As for XRP and Litecoin were priced at 0.46386 and 51.710 respectively.
It was reported today that India's Supreme Court required that the government submitted its position towards digital coins within two weeks. For reference, local banks are banned from providing any services connected with cryptocurrencies by the country's Reserve Bank.
Earlier, the Supreme Court already applied to the government regarding providing the data collected by the dedicated unit. With this information, it will become possible to get a clearer understanding of the segment and determine the fair regulation and guidelines for it.
A representative of a local crypto trading platform noted, the court process is very slow, so the market is happy to see even small movement.
The chairman of the cryptocurrency committee stated that the report might be posted in September, but the full document would be released till the end of the year. According to the reports, the next hearing is slated for November 20.