Search Results for: Bitcoin
Calling attention of Bankers and Economists in India: Prevent this Financial Holocaust
To All Bankers, Economists in India Dear Friends, I have been highlighting the ill effects of Bitcoins and Private Crypto Currencies through these columns and urging the Government to use the Crypto Currency Bill to ban all private Crypto currencies. … Continue reading
JPC Recommendations on SWIFT Alternative: Out of scope and Disruptive of Global Economic System
One of the surprising inclusions in the recommendations of the JPC on PDPB is related to the SWIFT network. The recommendation 8 states “The Committee observe that data protection in the financial sector is a matter of genuine concern worldwide, … Continue reading
Black Money is the ultimate winner in the Crypto war
[Indian Economy being killed for the sake of Crypto Currency survival] According to earlier reports, the Crypto Bill was expected to be discussed by the Cabinet on 15th/16th December 2021. So far there is no information and it appears that, … Continue reading
Crypto Bill and DPB2021 both may be presented in the Parliament today
According to information floating around, the Data Protection Bill 2021 which is the next version of PDPB 2019 as modified by the JPC-1 under Mrs Meenakshi Lekhi and JPC-2 under Mr P P Chaudhary is likely to be presented in … Continue reading
IMF warns about Macro instability if Cryptos are recognized as legal
IMF has given a clear warning that if Crypto currencies are recognized as legal tender, there would be a macro economic instability. Read here Also here Some of the comments made by IMF are: Consumer protection risks remain substantial given … Continue reading
PDPA 2021: Regulating the human perceptions
(This is in continuation of our previous article) While discussing the PDPA 2021 and inclusion of Section 3(23)(xi) we observe the following: Current PDPB 2019 Section 3(20) Proposed PDPB 2021 Section 3(23) (20) “harm” includes— (i) bodily or mental … Continue reading