FEMA Archives

Compounding Authority and Their Underlying Pecuniary Jurisdiction under FEMA

Blockchain, Cryptocurrency, Web 3.0, Decentralized Blockchain Law

The Ministry of Finance notified Foreign Exchange (Compounding Proceedings) Rules, 2024 (“Rules”) on September 12, 2024, which supersedes the erstwhile rules laid out in the year 2000. The provisions came into effect on 12.09.2024. Key changes incorporated within the Rules are mentioned below: KEY CHANGES:- Compounding authority and their underlying pecuniary jurisdiction: The Rules modified the […]

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

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