ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Cryptocurrency

Consequent to the lifting of the “ban” imposed on the trade of crypto-assets by the Supreme Court of India, there has been a surge of interest in investing in crypto-assets from the general public, spurred by aggressive marketing campaigns by well-funded start-ups. In the absence of proper regulation, there is a very real danger that the public may be mis-sold this product with harm to the wider economy.

 

Reconciling Blockchain and Data Protection Regimes

The emergence and spread of blockchain technology will have a profound effect on the working of the economy and society. The focus of this article is on how the spread of the blockchain technology has rendered redundant the various provisions of the Personal Data Protection Bill, 2019.

 

Regulation of Cryptocurrency

Cryptocurrency is a currency created and held electronically in the virtual world. In the absence of a proper legal framework, cryptocurrencies are unregulated in many countries, including India. This article attempts to delve into the concept of cryptocurrency and the issues and challenges they face. It also discusses the current legal and regulatory framework for cryptocurrencies in India and offer suggestions for their better regulation.

 

The Market for Cryptocurrencies

The growing market for cryptocurrencies, when viewed through the lens of Nobel Laureate F A Hayek’s radical idea of abolishing governmental monopoly over currency and introducing unregulated private currencies, reveals fascinating insights. Though over four decades apart, the resemblances and the dialectics of the two radical developments are uncanny.

Minting Pure Reason

Bitcoins for the first time provide a practical electronic alternative to currency. While there can be no guarantee that bitcoins will continue to have a positive value, the decentralised nature of the Bitcoin network makes it a strong competitor to established online payment systems.

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