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

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

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