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'Hard to set up body to regulate cryptocurrency'


‘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. ....

Jaideep Reddy , Sriram Chakravarthi , Nischal Shetty , Rajah Tann Singapore , Crypto Assets Council , Association Of India , Nishith Desai Associates , Mobile Association , Tann Singapore , ஜெய்தீப் சிவப்பு , ஸ்ரீராம் சக்ரவர்த்தி , நிசால் ஷெட்டி , ராஜா தன்ன சிங்கப்பூர் , சங்கம் ஆஃப் இந்தியா , நிஷித் தேசாய் கூட்டாளிகள் , கைபேசி சங்கம் , தன்ன சிங்கப்பூர் ,

India needs its own crypto unicorns: Experts


India needs its own crypto unicorns: Experts
By IANS|   Posted by Mansoor  |   Updated: 14th May 2021 11:52 pm IST
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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. ....

New Delhi , Sriram Chakravarthi , Vivek Kathpalia , Nischal Shetty , Rajah Tann Singapore , Crypto Assets Council , Association Of India , Technology Law , Nishith Desai Associates , Singapore Office , Mobile Association , Nishith Desai , Tann Singapore , புதியது டெல்ஹி , ஸ்ரீராம் சக்ரவர்த்தி , நிசால் ஷெட்டி , ராஜா தன்ன சிங்கப்பூர் , சங்கம் ஆஃப் இந்தியா , தொழில்நுட்பம் சட்டம் , நிஷித் தேசாய் கூட்டாளிகள் , சிங்கப்பூர் அலுவலகம் , கைபேசி சங்கம் , நிஷித் தேசாய் , தன்ன சிங்கப்பூர் ,