Fintech and the Information Technology Act, 2000

In the emerging world of the twenty-first century, it is often said that “Necessity is the mother of all invention”. In today’s cutting-edge technology times, we continue to see an increase in the number of fintech technology growing in India. According to invest India the overall transaction in fintech is estimated to be $65 billionContinue reading “Fintech and the Information Technology Act, 2000”

Cryptocurrency in India – Real Money but Not A Legal Tender

Cryptocurrency is a virtual currency which uses the technology of cryptography to secure its transactions, and these transactions are further stored in a digital ledger. The cryptocurrency can be classified into two categories based on centralisation-: The centralised cryptocurrency is controlled by the appointed head of the centralised repository unit which is similar to theContinue reading “Cryptocurrency in India – Real Money but Not A Legal Tender”

Decoding Cryptocurrency- Legal Status in India and Rest of the World

The state of Cryptocurrency has been in a constant conundrum in all the major countries since its advent in 2009. Cryptocurrency has been an amazing attempt to move the banking system into a more digitized format but simultaneously has been a threat to the old, secure and a centrally authorized system of banking. A lotContinue reading “Decoding Cryptocurrency- Legal Status in India and Rest of the World”

Cryptocurrency and the Reserve Bank of India

“Cryptocurrency is such a powerful concept that it can almost overturn governments”–Charles Lee, Creator of Litecoin In this modern era, the process of exchange of currency is changing substantially, especially after the introduction of cryptocurrency to the world. Cryptocurrency is a digital currency which is handled through an encryption process known as cryptography. The conceptContinue reading “Cryptocurrency and the Reserve Bank of India”