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Crypto currency legislations

  Jan 08, 2022

Crypto currency legislations

Q What is the context  ?

A The government has decided to introduce a bill that seeks to prohibit all private cryptocurrencies in India.

Q What is the background of the bill ?

Q What are the issues involving cryptos ?

A Issues involving cryptos can be seen at three levels, each of which is equally important.

Q What are the Challenges in cryptocurrencies interaction with the formal system ?

Q What will be the impact on poor states ?

Q What can be way forward ?

A The bill must meet many important objectives. While there are obvious concerns of money laundering and benami transactions, there are equal concerns with respect to company laws, payment systems and banking, securities and other commercial laws.

Q What is stablecoin ?

Q What is ICO?