INTRODUCTION A Virtual Digital Asset (hereinafter referred to as “VDA”) refers to the digital representation of items that can be exchanged with or without consideration. It is a digital medium of property exchange that has value in certain technology-based environments. Such assets can be traded and transferred digitally and can also be used for payment...
INTRODUCTION What are Cryptocurrencies? Cryptocurrencies, or virtual currencies, are a new class of digital instruments, which exist without physical counterparts but can be exchanged peer-to-peer through blockchain technology. Such currencies are not issued by any sovereign institution or commercial banks, and thus, do not hold the value of legal tender. A significant aspect of cryptocurrency...
INTRODUCTION In this rapidly developing world where everything is accessible at your fingertips, user convenience and seamlessness have resulted in shifting everything towards digitalization. This modern era of digitalization has various impacts on our lives including finance. With this constantly developing ecosystem, the regulatory agencies find it difficult to strike a balance between the existing...
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