The Supreme Court of India today (March 4) quashed an order by the Reserve Bank of India (RBI) that had banned banks from trading in cryptocurrency in 2018. The apex court called RBI’s move “unconstitutional” and has lifted the ban. Indian banks can now deal in digital currency, which will make it easier for people to trade on cryptocurrency exchanges. Till now, although exchanges weren’t banned, the limitation on banks made it difficult for them to operate. While the RBI did not move to control cryptocurrency, it had directed banks not to aid it, on whom it has dominion over. After the 2018 ban, Internet and Mobile Association of India (IAMAI) filed a case against RBI’s move. The SC bench allowed the petition on the grounds of proportionality. IAMAI argued that crypto isn’t a ‘currency’, it’s an instrument — a financial instrument that should be treated like “casino chips”.The judgement could open up the gates for companies like Ripple to enter the Indian market. “You know, typically you’d say India would be high on our list. India hasn’t yet provided a lot of clarity from a regulatory point of view and so we have no prioritised,” said Ripple CEO Brad Garling house during an interview with CNN last month.