Blog

In this blog post, we discuss the key changes from the Budget which impact the cryptocurrency sector.  The Indian Finance Minister announced the annual financial statement (Budget) for the financial year 2022-23 on February 1. The Budget introduced some important developments for the cryptocurrency sector. The changes announced largely revolve around income tax on earningsRead more

In this blog post, we take a look at the key highlights from the Union Budget 2022-23, as tabled by the Union Finance Minister in the Parliament of India on 01 February 2022. On 1 February, Indian Finance Minister Nirmala Sitharaman (FM) announced the Union Budget (Budget) for FY 2022-23 and described its key takeawaysRead more

Crypto’s high returns have given bragging rights to cryptocurrency service providers, who leverage this in their advertisements. These adverts grab a lot of eyeballs – including those of the regulators. We discuss various regulatory approaches to crypto adverts.  We all have a friend who tells us that a 1₹ investment in Bitcoin in 2010 wouldRead more

As the year ends and the holiday cheer begins, we bring a round-up of the discussion this year around crypto regulation in India. Despite expectations, the government has not introduced any regulations on cryptocurrency in the winter session of Parliament. This has left the crypto industry in a state of flux, with the lack ofRead more

NFTs are everywhere – from Amitabh Bachchan to the NBA. While India is deliberating a new law to regulate cryptocurrencies (and possibly NFTs), it is only fair to ask – one law to rule them all?  NFTs have been at the centre of everyone’s attention ever since the much talked about sale of Beeple’s “EverydaysRead more

Last time, we gave you a good rundown of what you could expect from NFTs, as the fledgling tech vacillates between price speculation and progress. You’ve probably read enough about NFTs to know what they are – paintings, 3D images, videos, short clips, or just about anything that can have a digital identity. From our previousRead more

Round-up of key law and policy developments relating to blockchain and cryptocurrency in 2020. 1. INTRODUCTION 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. FATF recommended its members toRead more

In this note, we have discussed three categories of countries on the basis of their approach to regulating cryptocurrency- (a) countries that have legalized cryptocurrency by regulating it; (b) countries that have proposed to regulate it, and (c) countries that have banned cryptocurrency. We have discussed a few examples of countries for each category toRead more

This blogpost explains why cryptocurrencies and blockchain are the next big thing in the global technology revolution, and why India must become a part of this revolution. This is especially important in light of the proposed ban on cryptocurrency in India, which could exclude India from the exciting developments taking place around blockchain and cryptocurrency.Read more

This blogpost addresses a number of frequently asked questions around cryptocurrency and blockchain technology. It addresses some key issues such as blockchain existing in the absence of cryptocurrency, the government’s concerns on cryptocurrency and how they can be addressed, and what a ban on cryptocurrency will lead to. This blogpost explains all these issues andRead more