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

January 12, 2023 |

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

December 12, 2022 |

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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The Deemed Data Protection Bill 2022

November 24, 2022 |

The Boring Part: DPB 2019 The Data Protection Bill 2019 (DPB 2019) was introduced in the lower house of the Indian parliament, the Lok Sabha, on December 11, 2019. It sought to provide a framework for the regulation of data processing activities in India. It was criticized by privacy advocates for its weak protections for…

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RBI’s Concept Note on Indian CBDCs

October 27, 2022 |

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…

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