Ikigailaw on the social media
This month's edition of FinTales - our monthly fintech newsletter - is now out!
Go, give it a read. Let us know what you feel. Is there anything you'd like us to cover next month? Write to us at contact@ikigailaw.com and we'll try including it.
https://www.ikigailaw.com/fintales-issue-5-april-2021/
The Ministry of Civil Aviation recently notified the Unmanned Aircraft System Rules, 2021. We provide a summary of the rules and take a look at some of the key highlights in the article below.
Read here:
https://www.ikigailaw.com/the-unmanned-aircraft-system-rules-2021-key-highlights-and-summary/
This post explores the National Pharmaceutical Pricing Authority’s powers of price control and monitoring on the Indian #medical device industry against the backdrop of India’s drive towards an ‘Atmanirbhar Bharat.'
https://www.ikigailaw.com/expanding-scope-of-price-control-of-medical-devices-a-chink-in-the-armour-of-atmanirbhar-bharat/
If #cryptocurrency is so harmful that #India may possibly ban it, surely other countries would have also taken similar drastic measures against it, right? Not really.
Read here: https://www.ikigailaw.com/global-cryptocurrency-regulatory-landscape/
#blockchain #Indonesia #Vietnam #Switzerland #USA #Japan #Singapore #Brazil
Facebook Posts
The biggest innovation of this decade and next will be in #foodtech: the way we cultivate meat for consumption. Imagine cultivating your #meat (just the chicken leg, if you wanted) for consumption, in a factory. Environmentally sustainable, scalable, cost-effective, hygienic. No killing of animals. We expect a number of products to start appearing in stores in the next five years. But India currently lacks a regulatory framework for cultivated meat products. In our blogpost, we discuss regulations for cultivated meat in foreign jurisdictions and recommend a way forward for #india. We thank @thegoodfoodinstituteinida for their inputs on this piece.
Read the blogpost here: www.ikigailaw.com/overview-regulatory-issues-surrounding-cultivated-meat/
Reach out to Anirudh Rastogi Aman Taneja Aditya Sharma Satvika Mahajan Varun Deshpande to have a chat.
#ikigailaw #food #foodtechnology
The biggest innovation of this decade and next will be in #foodtech: the way we cultivate meat for consumption. Imagine cultivating your #meat (just the chicken leg, if you wanted) for consumption, in a factory. Environmentally sustainable, scalable, cost-effective, hygienic. No killing of animals. We expect a number of products to start appearing in stores in the next five years. But India currently lacks a regulatory framework for cultivated meat products. In our blogpost, we discuss regulations for cultivated meat in foreign jurisdictions and recommend a way forward for #india. We thank @thegoodfoodinstituteinida for their inputs on this piece.
Read the blogpost here: www.ikigailaw.com/overview-regulatory-issues-surrounding-cultivated-meat/
Reach out to Anirudh Rastogi Aman Taneja Aditya Sharma Satvika Mahajan Varun Deshpande to have a chat.
#ikigailaw #food #foodtechnology
Overview – Regulatory Issues Surrounding Cultivated Meat | Ikigai Law
www.ikigailaw.com
In this post, we delve into regulatory issues relating to 'cultivated meat products' - which are cruelty-free products that are derived from animal cells, without harming or killing the animal.This month's edition of FinTales - our monthly fintech newsletter - is now out!
Last month was busy. A see-saw of sorts is ensuing between convenience and security in digital payments. Given RBI's push for security, online card payments will soon become tedious and recurring payments less seamless. At the same time, a slew of changes will make PPIs more user-friendly and allow fintech players to use the RTGS/NEFT facility - addressing the industry's need for convenience. In other news, NPCI released a detailed SOP explaining how third-party UPI apps should meet the 30% market-cap introduced last year - a development set to make the UPI market competitive. And lastly, China became the first major economy to release a centrally-backed digital currency. Should India follow suit?
www.ikigailaw.com/fintales-issue-5-april-2021/
Go, give it a read. Let us know what you feel. Is there anything you'd like us to cover next month? Write to us at contact@ikigailaw.com and we'll try including it.
Until next time.
- Aparajita, Astha, and Sarthak.
Fintales Issue 5: April 2021 | Ikigai Law
www.ikigailaw.com
"Digital players will increasingly have a critical role across India's banking sector.Effective regulation is a priority for RBI, and it should not constrain innovation in the fintech space.In June 2019, the Financial Action Task Force (FATF) updated its standards of anti-money laundering (AML) and combating the financing of terrorism (CFT) measures to regulate virtual asset service providers (VASPs) in its member countries. In 2020, FATF members such as Singapore, South Korea and Ukraine and crypto-businesses therein, all scrambled to comply with FATF’s updated AML/CFT measures as FATF conducted a 12 month assessment of the implementation of its recommendations. Further, several countries progressed in developing comprehensive legal frameworks or policies on regulation of crypto-assets and related businesses. Here is a round-up of key law and policy developments relating to blockchain and cryptocurrency in 2020.
Read here: www.ikigailaw.com/crypto-blockchain-roundup-2020/
#FATF #VASP #bitcoin #Blockchain #cryptocurrency #Law #policy #techlaw #TMT
The trade of dual-use (civil and military) goods, services and technologies (SCOMET items) are closely scrutinized to ensure that they do not fall into the wrong hands. As a consequence of this, businesses who legitimately deal with such items are also required to pass this scrutiny. In this article, we provide an overview of the regulations governing the SCOMET items and highlight the key aspects that businesses involved in the trade of SCOMET items should know.
Read here: www.ikigailaw.com/export-control-in-india-the-scomet-list/
#exportcontrol, #ForeignTradePolicy, #scomet, #international trade #ikigailaw