Specific Legal Risks associated with P2P Transactions in India (2/2)

INTRODUCTION In our previous post we discussed the ‘shadowy’ nature of P2P transactions, particularly in the context of centralized exchanges (CEXs) in India. To recap, we highlighted that these transactions – despite their name – do not function without mediation. The Reserve Bank of India’s (RBI) 2018 circular, which effectively prohibited banks and other financial…

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Blockchain & Data Protection Bill 2022: A Discussion Paper

We are pleased to share this discussion paper prepared by Crypto Legal in association with the India Blockchain Forum. Our intent is to spark a discussion to understand the implications of the recently released Digital Personal Data Protection Bill, 2022 for the blockchain industry. Here, we have specifically examined four key issues – (1) the…

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Whose NFT is it Anyway?

INTRODUCTION NFTs (non-fungible tokens) have seen a remarkable rise in popularity in the past few years. They have demonstrated blockchain’s potential to disrupt and refashion the ‘creative economy’ in fundamental ways. It has been nothing less than a cultural revelation to discover that digital art, which has always been susceptible to easy reproducibility, can now…

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On Hildebrandt’s ‘Code-Driven Law’

Hildebrandt (2020) contributes some refreshing new terminology to the blockchain-law discourse. For instance, her notion of ‘code-driven law’ provides a useful analytic crutch for those presently excavating the enigmatic space between code and law. Her core argument is that “code-driven normativity scales the past..[since] it is based on insights from past decisions and cannot reach…

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