India’s Digital Rupee (Central Bank Digital Currency) must have anonymity built into it to avoid surveillance, Infosys Co-founder Nandan Nilekani told Economic Times. He added that it will be concerning if all payment transactions are recorded and visible. Nilekani also said that the country was on the right path by acknowledging the concept of digital assets and taxing them at 30 percent. He said that it was a tacit way of confirming that cryptos are not currencies but commodities, as they store value, which one can buy and sell. “The idea is that India takes a lead both for wholesale transactions as well as for retail. The existing rails that India has laid (can) be used to accelerate the digital rupee”, (which) is “a better option than creating stablecoins,” he was quoted as saying. The 66-year-old warned that stablecoins will…
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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
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