FIU-IND INITIATES ACTION AGAINST OFFSHORE CRYPTO EXCHANGES, RECOMMENDS URL BLOCKING
Introduction: The Financial Intelligence Unit (FIU) of India, operating under the Ministry of Finance, has initiated significant regulatory actions by issuing show-cause notices to nine offshore cryptocurrency platforms, invoking the provisions of the Prevention of Money Laundering Act (PMLA)[1].
Role of Carbon Credit Certification in Decarbonization of Mobility Sector
Introduction Carbon Credits, as the name suggests, is a scheme which focuses on the reduction of greenhouse gases in the environment and ensures that access concentration of greenhouse gases in the atmosphere is avoided.
ONLINE GAMING BANS IN INDIA: THE GAMBLE THAT DOESN’T PAY OFF
Introduction Millions of people use online gaming as a form of entertainment, and some, to a certain extent, use it as a mode of earning income.
NAVIGATING REGULATORY HURDLES IN INDIA’S FINTECH LANDSCAPE
FinTech[1] has been a trending topic for quite some time now due to the ease of access it offers in a vast and diverse country such as India.
Enhancing Whistleblower Protection: Safeguarding Whistleblowers Reporting Misconduct and Illegal Activities
Introduction The act of an individual, wherein such individual reports or intimates an activity, which may be illegal, illicit, irregular, dangerous, unethical and against public welfare and policy, to the appropriate higher authorities, whether external or internal, who may have such discretionary powers to direct a corrective measure is generally considered as the act of …
A Dawn of a New Era for Data Protection in India: An in-depth analysis of the Digital Personal Data Protection Act, 2023
Introduction India has ushered in a new era in the context of data protection. Thus far, we have had to rely on the Information Technology Act, 2000 (“IT Act”) and Information Technology (Reasonable security practices and procedures and sensitive personal data or information) Rules, 2011 (“SPDI Rules”) as the only legislations for the interpretation of …
DECODING NFTs AND INTELLECTUAL PROPERTY: GLOBAL LEGAL PERSPECTIVES
In recent years, the world has witnessed the rise of non-fungible tokens (NFTs) as a new and exciting digital asset. NFTs have gained significant popularity, particularly in the realms of art, collectibles, and gaming.
RBI’S DEFAULT LOSS GUARANTEE GUIDELINES: A SAFETY NET FOR FINTECH
In a significant move, the Reserve Bank of India (RBI) has recently issued Guidelines on Default Loss Guarantees (DLG) in Digital Lending.
THE RISE OF SPAC (SPECIAL PURPOSE ACQUISITION COMPANY): A NEW ERA IN PRIVATE EQUITY
Introduction Special Purpose Acquisition Companies (“SPAC”), which is a popular option for companies that wish to go public in a relatively short period, exploded in the early 1990s in the United States, which doubtlessly caught the markets off-guard.
LEGAL CHALLENGES OF AI BIAS IN INDIA: ADDRESSING THE ISSUE OF FAIRNESS AND DISCRIMINATION
Artificial Intelligence (“AI”) is becoming a prevalent technology in India with widespread application in industries such as healthcare, banking, transportation, etc. However, as AI is increasingly used in decision-making, the possibility of AI bias is a growing concern. This transpires when AI algorithms produce systematically biased findings towards specific groups or individuals, potentially impacting fairness …