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Search Results for: digital rupee
We need to ban Bitcoins. But Do we need a Digital Rupee?
The new law set to be passed in the Parliament as “Banning of Crypto Currency and Regulation of Official Digital Currency Act 2019” is designed to ban Bitcoin and other privately managed crypto currencies. However the law may permit the … Continue reading
Posted in Cyber Law
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Is RBI out of its mind on allowing minor digital banking accounts ?
Recently we saw that RBI came up with a circular (Refer TOI article here). RBI had in its earlier circulars (Refer here) starting from 1976 had indicated that the purpose of opening minor accounts was to encourage the habit of … Continue reading
Posted in Cyber Law
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Digital Arrest and Cyber hypnosis
In recent days the menace of Digital Arrest related scams have assumed alarming proportions. There are instances of people losing crores of Rupees to this scam and some of these matters are coming for discussion in Courts. Naavi has been … Continue reading
Posted in Cyber Law
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CBDC or E Rupee and the Data Protection Bill 2022
We are aware that RBI is implementing a pilot project to introduce E Rupee as its CBDC. The E-Rupee or CBDC-Retail will be a tokenized version of a currency denomination. It will therefore be a digital document that is stored … Continue reading
Posted in Cyber Law
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The Crypto Rupee
The proposed “The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021” (Crypto Bill-2021) is expected to “Prohibit” private crypto currencies and also enable issue of a RBI controlled Crypto currency. Knowing the power of corruption, we need to wait … Continue reading
Posted in Cyber Law
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E Rupee is a re-invention of Naavi’s DVIIS
Between 2003 and 2021, there is a time gap of 18 years. Between the ideation of DVIIS and E Rupee has been such a distance in time. DVIIS was invented and proposed by Naavi and E-Rupee has been introduced by … Continue reading