Cryptocurrency trading would soon commence in India as the honorable Supreme Court has ruled against Reserve Bank of India's ban on trading or dealing in any kind of cryptocurrency.

While commenting on the issue, Mr. Prakarsh Gagdani, CEO, 5Paisa.com said, "Supreme Court has allowed legality of cryptocurrency. However, it is important for the regulator to lay down the proper framework so that investors' interest is protected."

India can be a big trading space for cryptocurrencies. But, the news didn't have any impact on price of Bitcoin or other currencies.

Bitcoin and other cryptocurrencies have remained stable in the recent trading sessions. However, bitcoin’s 10-day moving average crossed below the 50-day average at around 12:00 a.m. UTC, falling even though Tuesday’s trading action pushed prices back up into the $8,800 range.