A Public Interest Litigation (PIL) has been filed in the Supreme Court of India which is seeking an intervention to regulate the flow of bitcoin in India and ensure that it is accountable to the exchequer. "The lack of any concrete mechanism pending the regulatory framework in said regard has left a lot of vacuum and which has resulted in total unaccountability and unregulated Bitcoin (crypto money) trading and transactions," the petition added. The petition was filed by advocate Dwaipayan Bhowmick and the court is seeking responses from the finance, law and justice, information and technology ministries along with the Reserve Bank of India (RBI) and Securities and Exchange Board of India (SEBI). The development was first reported by Bar & Bench. Read the petition here. The petition said that the RBI and SEBI have been trying to shift the…
- India’s I&B ministry blocks eight YouTube channels for ‘spreading fake news’ August 18, 2022
- Delhi police’s reply to IFF RTI shows FRT may worsen religious-bias in policing August 18, 2022
- Attend Our Briefing: Impact Of The Competition Bill On Startups August 18, 2022
- TLDR: Assam internet block, India G24, TikTok, Twitter, Big Tech, drones for healthcare, more August 18, 2022
- How Google’s location tracking led to a $42 million penalty in Australia August 17, 2022
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'
India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...
Why ‘group privacy’ should be recognised, and how ‘non-personal’ data becomes a regulatory blindspot
There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...