CustodyStress
Archive › Vendor lockout
Part of the CustodyStress archive of observed Bitcoin custody incidents
CS-00768

India's Supreme Court struck down the RBI's April 2018 banking ban on 4 March 2020.

Survives
Case description
India's Supreme Court struck down the RBI's April 2018 banking ban on 4 March 2020. Exchanges immediately began restoring banking relationships. However, several banks that had initially complied with the ban refused to immediately re-engage with exchanges pending their own legal review. Indian Bitcoin holders continued to face restricted banking access for months after the ruling.
Custody context
Stress conditionVendor lockout
Custody systemExchange custody
OutcomeSurvives
DocumentationUnknown
Year observed2020
CountryIndia
Structural dependencies observed
Legal process requiredInstitutional cooperation required
Outcome interpretation
Access remained possible under the reported conditions.
Source
Publicly Reported
Evidence type
News article
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Framework references
Terms guide
Survives
Access remained possible under the reported conditions.
Constrained
Access remained possible, but only with delay, dependence, or significant difficulty.
Blocked
Access was not possible under the reported conditions.
Indeterminate
There was not enough information to determine the outcome.
Single-person knowledge
Recovery depended on information or capability held by one individual who was unavailable.
Institutional dependence
Recovery depended on a third-party institution or service that was inaccessible or uncooperative.
Documentation gap
Recovery depended on instructions that were missing, incomplete, or unclear.
Authority mismatch
The person with legal authority to act did not have operational access, or vice versa.
Original text
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