India, May 23 -- The Bombay High Court on Wednesday granted interim relief to cryptocurrency exchange WazirX, ordering Yes Bank to restore its application programming interface (API) facility and banking services within three days.

A vacation bench of justices Gautam Ankhad and Sandesh D Patil observed that denying the crypto platform access to banking facilities severely affects its functioning.

Zanmai Labs Pvt Ltd, which operates WazirX, had approached the high court, challenging Yes Bank's abrupt discontinuation of its API services on April 21. Senior advocate Mustafa Doctor, representing WazirX, informed the bench that the crypto platform processes large volumes of financial transactions through the bank's API services in the ordina...