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Doing Business of Cryptocurrency w.r.t. Indian Legal Perspective
Aashish Srivastava
Author : Aashish Srivastava
Is it legal to do the business of cryptocurrency in India? In the recent judgement by the Supreme Court dated March 4th, 2020 in the matter of Internet Mobile Association of India v. Reserve Bank of India, the Hon'ble Supreme Court has struck down the RBI circular dated April 6th, 2018 which barred banking and financial services from dealing in transactions involving virtual currency or cryptocurrency.
The mainstream adoption of cryptocurrency is becoming a reality despite sceptics who compare the boom to the 1636 tulip mania. The issue is not whether a cryptocurrency will survive, but rather how it will evolve. The article aims to clarify certain major aspects which may be encountered for- “Doing Business of Cryptocurrency w.r.t. Indian Legal Perspective” under the evolving legal structure. There is a growing number of business and individuals using cryptocurrencies as trading platforms or exchanges and with this new growing phenomenon of cryptocurrency in India, at present, the current state of applicable laws needs to be review to provide insight as to what the proper treatment of these cryptocurrency transactions should be «Read More »
Aashish Srivastava
Aashish regularly advises clients on Private Equity, Funds& Investment Transactions, Technology, E-Commerce, Fintech, Banking & Financial Services, Corporate & Commercial Advisory, Taxation, Risk & Compliance. He regularly advises Indian & international investors and startups on their business in India. Aashish is a mentor to a number of start-ups, social entrepreneurs as well as non-profit organisations in India. He currently serves on a number of advisory boards in an honorary capacity.
Sophie Asveld
February 14, 2019
Email is a crucial channel in any marketing mix, and never has this been truer than for today’s entrepreneur. Curious what to say.
Sophie Asveld
February 14, 2019
Email is a crucial channel in any marketing mix, and never has this been truer than for today’s entrepreneur. Curious what to say.