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
As technology revolutionises the banking sector, brick-and-mortar retail is increasingly becoming obsolete as regulators jump to set new standards for inclusive finance
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.
By Anu Tiwari and Anindita Bhowmik, Cyril Amarchand Mangaldas
The Reserve Bank of India (RBI) has amended the Credit Information Companies Regulations, 2006 on 10 November 2021, through the Credit Information Companies (Amendment) Regulations, 2021.
By Sujata Chaudhri, Urfee Roomi, and Alvin Antony, Sujata Chaudhri IP Attorneys
The convergence of human interaction in digital lives through the metaverse creates a harmonious virtual community, but how will this evolution cope with disputes and challenges brought by trademarks and patents from the real world?
The idea for a decentralised autonomous organisation, where the rules are baked into its code with no management structure or board of directors, has emerged with the rise of blockchain technology
By Anu Tiwari and Anindita Bhowmik, Cyril Amarchand Mangaldas
The rapid growth of the digital lending industry increased credit accessibility in India, but also brought concerns on unregulated entities, illegal digital lending applications and coercive recovery tactics
Blockchain technology has created ripples worldwide by turning art, music, videos and in-game items into digital assets, puzzling regulators into a cautious waiting game. But for how long? And where to from here?
The Virtual Asset (Service Providers) Act, 2020 (VASP Act) as amended, provides a legislative framework for the conduct of virtual assets business in the Cayman Islands, and the registration and licensing of persons providing virtual asset services
By Anu Tiwari and Anindita Bhowmik, Cyril Amarchand Mangaldas
In accessing financial services or products, individuals are often required to share financial information stored with other entities. The lack of a centralised mechanism to access information makes the process time-consuming and often unreliable
Are existing copyrights laws redundant in the case of NFTs, as blockchain technology itself provides for the protection of proof of authenticity and ownership of underlying digital assets?
Popular games like Axie Infinity and My Defi Pet have recently gained traction for their unique selling proposition that one can earn money as they play
By Anu Tiwari and Anindita Bhowmik, Cyril Amarchand Mangaldas
Blockchain, a form of digital ledger technology (DLT), is a linearly linked information-containing block secured by cryptography and shared between participants
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
With the continued rapid growth of the financial technology sector, the government has been reforming its licensing regime to provide business opportunities while also protecting local interests
While the laws in the region share similar elements, gaps remain as privacy compliance culture is relatively new and jurisdictions vary in their approaches
Looking up to the EU's General Data Protection Regulation as a benchmark, Asian data privacy landscape evolves rapidly with its own unique approaches and challenges
Governments adopting trace-and-track apps to prevent the spread of the pandemic have raised questions about the ‘right balance’ between pandemic response and privacy considerations
Data protection and cybersecurity are evolving areas of regulation in Asia. Here, experts shed light on emerging jurisprudence in the region’s top jurisdictions
Governments across the region are being forced to clear the regulatory air on virtual currencies as they can no longer afford to ignore their popularity
With COVID-19 forcing companies to implement work-from-home policies, Jim Fitzsimmons helps us understand the cybersecurity risks posed by a remote workforce
The evolution of India’s personal data protection bill is influenced by the need to protect the interests of businesses, the government and the individual, writes Yukti Sharma
Examining developments in cryptocurrency law around the region is like taking a litmus test to measure the flexibilty and depth of competency of these legal systems. Staying up to speed is crucial