The Department of Economic Affairs, under the Finance Ministry, is holding a public consultation on regulating virtual currencies, such as Bitcoin, Litecoin, and Zcash. The consultation is being held by a committee set up by the DEA this April, headed by Dinesh Sharma, an IAS bureaucrat serving as a special secretary to the department. The consultation will look into whether virtual currencies need to be banned, regulated, or left to self-regulate. Such financial regulation consultations usually involve only industry associations and financial conglomerates -- or in this case, Bitcoin exchange companies; indeed, we also predicted last month that this process would not be open to the public. The consultation is being held on MyGov. The committee is set to submit its recommendations to the government in two months. There's also a Parliamentary Standing Committee that is yet to deliver its report…
- RBI has the powers to regulate payment aggregators: Delhi High Court October 3, 2022
- “Security Concerns” Prevented Meta from Releasing Full Report on Impact of Hate Speech on India October 3, 2022
- Meta Faces Allegations of Non-Consensual Interception of Browsing Activity in New Class-Action Suit October 3, 2022
- PrivacyNama Session: Chief Privacy Officer Roundtable; October 7 October 1, 2022
- Delhi police deploys drones to monitor anti-CAA protest centre Shaheen Bagh October 1, 2022
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