752 results found

The Finance Act, 2022 (FA 2022) amended the Income-tax Act, 1961 (IT Act) by introducing a new taxation regime in relation to Virtual Digital Assets (VDAs) wherein: (i) a 30% tax has been levied...

The recent developments and updates in the second quarter of 2022 are reflective of a potential remarkable year ahead for the fintech industry.

The Reserve Bank of India ("RBI") recently (on August 03, 2021) issued Circular CO.DPSS.POLC.No.S-384/02.32.001/2021-2022 ("Outsourcing Circular") with the aim of creating a framework...

The Reserve Bank of India ("RBI") has released a draft framework for Self-Regulatory Organisations ("the draft framework") in the FinTech Sector on January 15, 2024. (click here).

The emergence of blockchain technology has given rise to a new era in contractual relationships through the advent of smart contracts. These self‐executing digital instruments, governed by code on a decentralized ledger, promise efficiency, transparency, and security. Yet, their integration into traditional legal frameworks raises critical issues concerning enforceability, interpretation, and dispute resolution.

The framework outlines the establishment and functioning of Self-Regulatory Organisations ("SROs") in the Fintech sector, focusing on promoting ethical conduct...

Money laundering is a serious crime that has plagued the world for many years. Criminals use various techniques to launder money, making it difficult for authorities to track down the sources of illegal funds.

As we embark on the second quarter of 2023, we are delighted to present to you our next edition of the newsletter, focused entirely on the world of Intellectual Property Rights.

Blockchain technology has the potential to disrupt how the current online circulation of value works.

The Madras High Court has delivered a significant judgment that addresses two critical issues facing India's digital asset ecosystem:

The International Financial Services Centre Authority, the sole regulator in India's first International Financial Servies Centre, namely, the Gujarat International Finance Tec-City, has been set up with the intent of establishing a holistic regulatory ecosystem in GIFT City.

Over the years, the nature of contract has undergone a significant change, i.e., from conventional written contracts to digital smart contracts.

A customer applies for a personal loan through a fintech app. The fintech collects her details and passes them to the partner bank, which approves the loan. The data then moves to a cloud provider that hosts the bank's systems, to a credit analytics vendor that scores the application and, eventually, to a collection agency.

Our white paper examines global developments surrounding stablecoins and principles that may be applied whilst designing a potential regulatory framework for India.

We are delighted to share this week's AKP Banking & Finance Weekly Digest. Please feel free to write to us with your feedback at [email protected]. We shall now be hosting our weekly updates at Spotify!

The Reserve Bank of India ("RBI") has directed four Non-Banking Financial Companies ("NBFCs"), including two Microfinance Institutions (MFIs)...

Arrival of bitcoin in India has led to various issues that are required to be addressed. The bitcoin currency has come forth with a great amount of opportunity for the investors.