‘Hard to set up body to regulate cryptocurrency’
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Setting up an appropriate regulatory framework for cryptocurrencies and crypto assets in India continues to be a challenge with other countries taking differing approaches to find a solution, the Internet and Mobile Association of India (IAMAI) and Blockchain and Crypto Assets Council have said. The Centre had earlier indicated that it would take a ‘calibrated approach’ towards digital assets and formulate a Bill on cryptocurrencies.
The country required a smart and sensible crypto regulation. In this regard, it would be useful to consider the approach of other jurisdictions such as Singapore that took a balanced approach with regulations aimed at preventing nefarious activity without impending technology innovation, the apex body recommended during a webcast on Friday.
India needs its own crypto unicorns: Experts
By IANS| Posted by Mansoor | Updated: 14th May 2021 11:52 pm IST Representational Image
New Delhi: Stressing that India needs smart and sensible crypto regulation, leading cryptocurrency players in the country on Friday urged the government against the ban and sought engagement to build consensus on crypto regulation.
The government earlier indicated that it would take a ‘calibrated approach’ towards digital assets and formulating a Bill on cryptocurrencies. A final decision is yet to be taken.
At a webinar organised by the Internet and Mobile Association of India (IAMAI) and its Blockchain and Crypto Assets Council (BACC) members, the stakeholders said that consultation and dissemination of information between the government and the industry participants is crucial to determining the most appropriate regulatory framework and supporting innovation.
Salary hike puts Indus within reach of Days Zero
IndusLaw may have been growing leaps and bounds, including by recently breaking into the cozy top-tier capital markets club and having been one of the more aggressive lateral hirers in recent times, but the firm’s starting salary had somewhat lagged behind compared to the highest-paying firms.
The firm has now hiked its fresher lawyer starting salary into the symbolic Rs 1 lakh per month (Rs 12 lah per annum) club, excluding a 10% performance-dependent bonus that is generally paid out in full or thereabouts.
For the last two years of campus recruitments, the salary offered to fresh Indus recruits from college had been Rs 90,000 per month (Rs 10.8 lakh per year), three years ago that was Rs 80,000 (Rs 9.6 lakh per year).
Around the house: GCs arrive at SMBC and Boyd Gaming
06 May 2021
Around the house: GCs arrive at SMBC and Boyd Gaming
Siemens has also named a new chief compliance officer in Munich, while lidar startup AEye has appointed a new general counsel as it prepares to go public
From Citi to SMBC Citigroup heavyweight Scott Flood has moved to Sumitomo Mitsui Banking Corporation, where he’s been named managing director and US general counsel of the company and general counsel of SMBC Americas Holdings, its US bank holding company. In his new role, New York-based Flood is responsible for overseeing the legal function for SMBC Group across the Americas, advising the board and other senior executives on legal and regulatory issues. He succeeded William Haney, who is retiring and will serve in an advisory capacity through the transition.
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