Model Draft Regulation on Cryptocurrency in India
Abstract
Keywords
Full Text:
PDFReferences
Atzori, M. (2015). Blockchain technology and decentralized governance: Is the state still necessary?. Available at SSRN: https://ssrn.com/abstract=2709713 or http://dx.doi.org/10.2139/ssrn.2709713
Bitcoin Rs 2,000 Crore Fraud: Amit Bhardwaj arrested at Delhi Airport for cheating 8,000 people. (2018, April 06). Financial Express. Retrieved from https://www.financialexpress.com/market/Bitcoin-fraud-in-india-man-arrested-for-duping-8000-people-in-rs-2000-crore-Cryptocurrency-scam/1122575/
Bossone, B., & Cirasino, M. (2001). The oversight of the payments systems: a framework for the development and governance of payment systems in emerging economies: The World Bank.
Das, S. (2016, December 05). First Reported Case of Fraud Involving Bitcoin, says Indian City’s Police. CCN. Retrieved from: https://www.ccn.com/first-reported-fraud-case-involving-Bitcoin-says-indian-citys-police/
European Central Bank. (2012). Virtual Currency Scheme 2012 report. Retrieved from: https://www.ecb.europa.eu/pub/pdf/other/virtualcurrencyschemes201210en.pdf
Hern, A. (2014. February 14). MtGox files for bankruptcy in Japan after collapse of Bitcoin exchange. The Guardian. Retrieved from https://www.theguardian.com/technology/2014/feb/28/Bitcoin-mtgox-bankruptcy-japan
Hughes, S. J., & Middle brook, S. T. (2015). Advancing a Framework for Regulating Cryptocurrency Payments Intermediaries. Yale J. on Reg., 32, 495.
Indian Constitution Act. 1950. Article 246. (Ind.)
Kaplanov, N. (2012). Nerdy money: Bitcoin, the private digital currency, and the case
against its regulation. Loy. Consumer L. Rev., 25, 111.
Kashyap, Nitisha. (2018, April 21). Inspired by Pune's Bitcoin Scam, Haryana Duo Dupe Nearly 5,000 People in Delhi; Arrested. CNN-News18. Retrieved from https://www.news18.com/news/india/inspired-by-punes-bitcoin-scam-haryana-duo-dupe-nearly-5000-people-in-delhi-arrested-1725259.html
Lewis, Nathan. (2014, March 06). Bitcoin Proves Friedman's Big Plan Was a Joke. Retrieved from https://www.forbes.com/sites/nathanlewis/2014/03/06/bitcoin-proves-friedmans-big-plan-was-a-joke/#18c4b1757c91
Ministry of Finance (2017). Government Cautions People Against Risks in Investing in Virtual ‘Currencies’; Says VCs are like Ponzi Schemes. (Release ID: 1514568). Press Information Bureau, Government of India, Delhi. Retrieved from http://pib.nic.in/newsite/PrintRelease.aspx?relid=174985
Ministry of Finance (2017). Government constitutes an Inter- Disciplinary Committee chaired by Special Secretary (Economic Affairs) to examine the existing framework with regard to Virtual Currencies. (Release ID: 16092)Press Information Bureau, Government of India, Delhi. Retrieved from http://pib.nic.in/newsite/ PrintRelease.aspx?relid=160923
New York State Administrative Procedure Act (SAPA) 2015. 23 NYCRR Part 200 Virtual currencies.
Prevention of Money Laundering Act. 2002. S. 18 read with S. 10(2)(Ind.)
Public Uniform Law Commission. (2017). Uniform Regulation of Virtual-Currency Businesses Act.
Publications of Ministries - Parliament of India, Lok Sabha (2017). Unstarred Question No: 100 on Status of Cryptocurrencies. Retrieved from
RBI Deposit Insurance and Credit Guarantee Corporation General Regulations. 1961. RBI Deposit Insurance System (DIS). (Ind.)
RBI Direction on Know Your Customer (KYC) Direction, 2018 (updated). Retrieved from https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=10292&Mode=0
RBI. (2009). Guidelines for issuance and operation of Prepaid Payment Instruments in India. (Press Release: DGIPR/2009/1200). Retrieved from: https://rbidocs.rbi.org.in/rdocs/Content/PDFs/DGIPR_1200.PDF
RBI. (2013). Cautions users of Virtual Currencies against Risks.(Press Release: 2013-2014/1261). RBI Department of Communication, Mumbai. Retrieved from https://rbidocs.rbi.org.in/rdocs/PressRelease/PDFs/IEPR1261VC1213.PDF
RBI. (2013). Master Circular – Know Your Customer (KYC) norms / Anti-Money Laundering (AML)standards/Combating of Financing of Terrorism (CFT)/Obligation of banks under PMLA, 2002. Retrieved from https://www.rbi.org.in/scripts/BS_ViewMas Circulardetails.aspx?id=8179
RBI. (2014). All Prepaid Payment Instrument Issuers, System Providers, System Participants and all other Prospective Prepaid Payment Instrument Issuers.(Press Release: RBI/2014-2015/105 DPSS.CO.PD.PPI.No.3/02.14.006/2014-15) Retrieved from https://rbidocs.rbi.org.in/rdocs/notification/PDFs/116MCPPI20062014FL.pdf
RBI. (2014). Master Circular – Mobile Banking transactions in India – Operative Guidelines for Banks (Press release: RBI/DPSS/2014-15/104.(2014). Retrieved from https://www.rbi.org.in/scripts/BS_ViewMasCirculardetails.aspx?id=8992
RBI. (2016). Master Direction - Liberalised Remittance Scheme (LRS) (Updated as on August 02, 2017) (RBI/FED/2017-18/3FED Master Direction No. 7/2015-16) Retrieved from https://rbi.org.in/Scripts/NotificationUser.aspx?Id=10192&Mode=0
RBI. (2017). Cautions regarding risk of virtual currencies including Bitcoins. (Press Release: 2017-2018/1530). RBI Department of Communication, Mumbai. Retrieved from https://rbidocs.rbi.org.in/rdocs/PressRelease/PDFs/PR15304814BE14A3414FD490B47B0B1BF79DDC.PDF
RBI. (2017). Customer Protection – Limiting Liability of Customers in Unauthorized Electronic Banking Transactions. (RBI/2017-18/15DBR.No.Leg.BC.78/09.07. 005/2017-18). Retrieved from https://rbidocs.rbi.org.in/rdocs/notification/PDFs/ NOTI15D620D2C4D2CA4A33AABC928CA6204B19.PDF
RBI. (2017). Master Direction – Money Transfer Service Scheme (MTSS.)(RBI/FED/2016-17/52 FEDMaster Direction No.1/2016-17). Retrieved from: https:// www.rbi.org.in/scripts/NotificationUser.aspx?Id=10868&fn=5&Mode=0
RBI. (2017). Master Direction on Issuance and Operation of Prepaid Payment Instruments (Updated as on December 29, 2017).(RBI/DPSS/2017-18/58Master DirectionDPSS.CO.PD.No.1164/02.14.006/2017-18). Retrieved from https://rbi.org.in/scripts/BS_ViewMasDirections.aspx?id=11142
RBI. (2017). Master Direction on Issuance and Operation of Prepaid Payment Instruments. RBI/DPSS/2017-18/58. (2017). Retrieved from https://rbi.org.in/scripts/BS_ ViewMasDirections.aspx?id=11142
RBI. (2018) Prohibition on dealing in Virtual Currencies. (circular No.DBR.No.BP.BC.104/ 08.13.102/2017¬18 dated 06.04.2018). RBI Department of Communication, Mumbai. Retrieved from https://rbidocs.rbi.org.in/rdocs/notification/PDFs/ NOTI15465B741A10B0E45E896C62A9C83AB938F.PDF
SEBI (Stock-Brokers & Sub-Brokers) Regulations. 1992. Regulations 3, 17, 18 & 18A. (Ind.)
SEBI. (2008). Master Circular on Anti Money Laundering and Combating Financing of Terrorism (AMLand CFT) Standard. (ISD/AML/CIR-1/2008).Retrieved from https://www.sebi.gov.in/sebi_data/attachdocs/1332320892543.html
SEBI. (2015). Annual System Audit, Business Continuity Plan (BCP) and Disaster Recovery (DR).(CIR/CDMRD/DEICE/01/2015).Retrieved from https://www.sebi.gov.in/ legal/circulars/nov-2015/annual-system-audit-and-bcp-dr_31051.html
SEBI. (2015). Comprehensive Risk Management Framework for National Commodity Derivatives Exchanges. (CIR/CDMRD/DRMP/01/2015).Retrieved from https://www.sebi.gov.in/legal/circulars/oct-2015/comprehensive-risk-management-framework-for-national-commodity-derivatives-exchanges_30784.html
SEBI. (2017). Instant Access Facility and Use of e-wallet for investment in Mutual Funds. (SEBI/HO/IMD/DF2/CIR/P/2017/39). Retrieved from https://www.sebi.gov.in/legal/circulars/may-2017/instant-access-facility-and-use-of-e-wallet-for-investment-in-mutual-funds_34830.html
SEBI. (2017). SEBI Board Meeting. (PR No.: 25/2017). Retrieved from https://www.sebi.gov.in/media/press-releases/apr-2017/sebi-board-meeting_34761.html
Shaikh, Z. S. (2018, April 08). Coin secure claims loss of Bitcoins worth Rs19 crore. Live Mint. Retrieved from https://www.livemint.com/Money/tIphcc6QGYd0g5JEDjGMcO/ Indias-Coinsecure-exchange-says-3-million-worth-of-Bitcoin.html
Siddharth Dalmia & Anr. Vs. Union of India & Ors. (2017) Supreme Court of India Record of Proceedings. Retrieved from https://supremecourtofindia.nic.in/ supremecourt/2017/34785/34785_2017_Order_17-May-2018.pdf
Summers, B. J. (2012). Payment systems: design, governance and oversight: Central Banking. Transmitter laws. NC Banking Inst., 18, 529.
Tsukerman, M. (2015). The block is hot: A survey of the state of Bitcoin regulation and suggestions for the future. Berkeley Tech. LJ, 30, 1127.
DOI: http://dx.doi.org/10.20956/halrev.v4i2.1466
Refbacks
- There are currently no refbacks.