Explainer
An Overview of DAO Legal Wrappers
Exploring the Benefits of DAO Legal Wrappers for Businesses Businesses are increasingly turning to decentralized autonomous organizations (DAOs) to take advantage of the many benefits they offer. DAOs are digital entities that are governed by a set of rules encoded into a smart contract. These rules are enforced by the blockchain, allowing for a more…
Read MoreThe NFT Royalties Debate Explained
What is the NFT Royalties Debate and Why is it Important? The NFT Royalties Debate is an ongoing discussion about the potential for creators to receive royalties from the sale of their Non-Fungible Tokens (NFTs). This debate is important because it has the potential to revolutionize the way creators are compensated for their work. NFTs…
Read MoreSetting up a Crypto Exchange: Legal Considerations
Understanding the Regulatory Landscape for Crypto Exchanges: What You Need to Know Cryptocurrency exchanges are becoming increasingly popular as more people become interested in digital assets. However, it is important to understand the regulatory landscape for crypto exchanges before engaging in any trading activities. This article will provide an overview of the current regulatory environment…
Read MoreBlockchain Startups Require Sound Legal Advice
Blockchain startups are revolutionizing the way businesses operate, and they are in need of good legal counsel to ensure their success. Timely legal advice can help startups navigate the complex and evolving regulatory landscape in this niche area and ensure that their operations are always compliant with applicable laws. The Risks of Not Having Good…
Read MoreSpecific 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…
Read MoreThe Shadowy Realm of P2P Transactions in India (1/2)
He was simply the crow in the escrow, providing an invisible channel for something that could not become visible.
Read MoreBlockchain & 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…
Read MoreLessons from the FTX Collapse
The FTX collapse is a major blow to the crypto industry. It is a reminder that the industry is still in its early stages and that there are many risks associated with investing in crypto assets. The collapse of FTX is also a reminder that the crypto industry is highly volatile and that investors should…
Read MoreRBI’s Concept Note on Indian CBDCs
The Reserve Bank of India (RBI) has released a concept note on Central Bank Digital Currency (CBDC), referred to as Digital Rupee, in India. The Government of India announced the launch of the Digital Rupee from the financial year 2022-23 in its last budget and consequently the RBI constituted an internal high-level Committee to study…
Read MoreThe White House General Framework on Digital Assets: A Quick Breakdown
The “First-Ever Comprehensive Framework for Responsible Development of Digital Assets,” which encompasses a joint fact sheet on six key directives formulated by federal agencies for cryptocurrency regulations in the nation, has been released by the American government. The framework pertains to an executive order the president issued in March calling for several U.S. government entities…
Read More