IT, Cyber Law & Data Protection Archives

Metaverse: Indian Law & An Intricate Controversial Universe

Pre-covid, thinking for a metaverse could have been considered out of the box but nowadays where meetings, convocations, functions, classrooms, and other activities have gone online, reaching out for Metaverse can be considered a more intricate, technically complex, but seemingly fair advancement. It was not an instant development; rather, its evolution can be traced to […]

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Cryptocurrency Exchange Law in India: Insights on Market Makers

IT, Cyber Law & Data Protection

There are no specific laws relating to market makers in relation to cryptocurrency exchanges in India. There are certain guidelines that have been promulgated by SEBI (Securities and Exchange Board of India), however these are applicable only to Shares and inrelation to certain stock exchanges only. These regulations may be found here. These SEBI Guidelines

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Enhancing Cyber Security for a Safe & Trusted Internet: India’s Information Security Directives

IT, Cyber Law & Data Protection

The Indian Computer Emergency Response Team (CERT-In) serves as the national agency for performing various functions in the area of cyber security in the country as per provisions of section 70B of the Information Technology Act, 2000 (https://www.cert-in.org.in/PDF/Notification_regarding_CERT-In.pdf) and (https://www.cert-in.org.in/PDF/G.S.R_20(E).pdf) . CERT-In continuously analyses cyber threats and handles cyber incidents tracked and reported to it. CERT-In regularly

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Issuance of directions by Indian Computer Emergency Response Team (CERT-In)

IT, Cyber Law & Data Protection

The Central Government in terms of the provisions of sub-section (1) of section 70B of Information Technology Act, 2000 (“IT Act, 2000”) has appointed “Indian Computer Emergency Response Team (CERT-In)” on 27th October 2009 under the provisions of sub-section (4) of section 70B of IT Act, 2000 and notified the Information Technology (The Indian Computer

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CROSS BORDER TRANSACTIONS: CRYPTOCURRENCY AND FOREIGN EXCHANGE MANAGEMENT ACT (FEMA)

Cross Border Transactions: Cryptocurrency & Foreign Exchange Management Act (FEMA)

IT, Cyber Law & Data Protection

Cross Border Transfer of cryptocurrency is a significant aspect of its being as cryptocurrencies are traded through online platforms and these platforms facilitate the exchange of cryptocurrency into another currency including a fiat currency. This raises questions under India’s foreign exchange control law, i.e., the Foreign Exchange Management Act (FEMA). This article intends to analyze

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Cryptocurrency Taxation in India : Navigating the Tax Landscape

IT, Cyber Law & Data Protection

Cryptocurrencies have been subjected to the spotlight of the decade and have been grabbing the attention of the tax authorities essentially due to the high prices at which they were seen trading on exchanges in India and across the globe and the regulatory mechanism of taxation has to be determined looking at the current legal

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