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Cryptocurrency Bill | Are we asking the right questions?
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What are the qualities of a good regulatory framework? First, it has to be as unambiguous as possible. In other words, there should be clarity on what activities are permitted, and what are prohibited, as well as the penalties for violations. Second, the regulator — usually a State body — should have the powers to proactively detect violations, and when detected, the ability to effectively bring violators to book.
In the ongoing melee of analyses over the imminent law to regulate cryptocurrencies, too much attention is being given to the first, and hardly any over the second. Assuming the law bars cryptocurrency transactions, and somebody holding a few Bitcoins sells them in a private transaction, the fact is, it is highly unlikely the
Read more on moneycontrol.comAbout this in other media
Bitcoin holds $50K as analyst says weekly timeframes confirm bull market remains intact cointelegraph.com /2 years ago
Cryptocurrency Bill: Government has no plans to boost cryptos in India cnbctv18.com /2 years ago
Cryptocurrency not to be banned; SEBI to regulate it, says report cnbctv18.com /2 years ago
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