Following the US regulator's decision to deem a stablecoin unregistered security, Asian regulators may be better positioned to adopt the approach to ensure effective oversight
By Abhishek Malhotra and Bagmisikha Puhan, TMT Law Practice
The Finance Bill, 2022 (as tabled during the Union Budget discussion of 2022-2023) marked a watershed moment in India’s journey towards regulating cryptocurrencies and fostering digital innovation and growth in the country.
Asian jurisdictions have been cautious in developing legal frameworks around virtual currencies, but the volatile market and relentless evolution of cryptos are pushing regulators to act