752 results found

Roughly 7% Indians own crypto-assets (aka Virtual Digital Assets). Yet, until recently, India did not have regulatory tools to identify crypto-owners or monitor their transactions.

The Reserve Bank of India (hereinafter referred to as "RBI") vide its press release 2017-2018/1530 dated December 5, 2017, has restated the concern over the usage and flow of Virtual Currency including Bitcoins, ...

The Ministry of Finance, Department of Finance, on March 7, 2023, issued a notification ("Notification") under Section 2 (1) (sa) (vi) of the Prevention of Money Laundering Act, 2002 ("PMLA") which defines the term "person carrying on designated business or profession".

Metaverse is a virtual reality world in which people are supposed to socialize, play, and work and is composed of online, shared and persistent digital spaces

It is no news that cryptocurrency and blockchain technology have taken over the sphere of digital currency. But in this sphere of metaverse and blockchain currencies...

The pace at which digital lending is growing, it is no surprise that the number of lenders has increased manifold in the last few years.

An individual salaried taxpayer (the "Individual") purchased bitcoins during the financial year 2015-16 and sold them in the financial year 2020-21.

The cards can only be tokenised if the process of tokenisation fulfils the requirements prescribed by the RBI including...

That's PM Modi lauding UPI crossing 6 billion transactions in July. Like any icon, UPI has gained its share of admiration and envy. Last month, we intercepted a letter from a Rs.

India's Union Budget of 2022 mentioned the terminology "Virtual Digital Assets" .

Crypto Coins and Metaverse: Technological advancements have always been signifying of the boundless dimensions human minds can travel.

Technological advancements have always been signifying of the boundless dimensions human minds can travel. Being the curious beings we are, humans have never failed to leave a feather untouched or a stone unturned.

Cryptocurrency has transformed the global financial landscape, offering unprecedented opportunities for decentralized transactions and digital asset investments.

The legal status of virtual currencies ("VCs") such as Bitcoins continues to be debated as it remains unrecognized in India.

The Reserve Bank of India ("RBI") has provided a much-needed fillip to the digital lending sector with its latest Guidelines on Default Loss Guarantee ("DLG") in Digital Lending ("Guidelines") on June 8, 2023.

As an update, the Reserve Bank of India ("RBI") has notified the attached 'Guidelines on Default Loss Guarantee in Digital Lending' ("DLG Guidelines") on June 8, 2023 (with effect from the date of the notification)...

A Lok Sabha bulletin released on Tuesday said The Cryptocurrency & Regulation of Official Digital Currency Bill, 2021, will "allow for certain exceptions to promote the underlying technology of cryptocurrency and its uses".