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The legal status of cryptocurrencies varies substantially from one jurisdiction to another, and is still undefined or changing in many of them. [1] Whereas, in the majority of countries the usage of cryptocurrency isn't in itself illegal, its status and usability as a means of payment (or a commodity) varies, with differing regulatory implications.
India's first concrete steps in acknowledging crypto may be here to stay, having spurred both excitement and confusion over whether the country is approving crypto as an asset.
Legal scholars criticize the lack of regulation, which hinders conflict resolution when crypto assets are at the center of a legal dispute, for example a divorce or an inheritance. In Switzerland, jurists generally deny that cryptocurrencies are objects that fall under property law , as cryptocurrencies do not belong to any class of legally ...
On 26 October 2019, the Standing Committee of the National People's Congress promulgated the Cryptography Law of the People's Republic of China. This law went into effect at the start of 2020. [25] [26] The law categorizes cryptography into three categories: [25] [26] Core cryptography, which is a state secret and suitable for information up to ...
The crypto field suffered a string of tough court rulings in March, and April hasn't been any better. Are judges and juries finally getting the picture? Column: The legal system is closing in on ...
The introduction of the Digital Rupee, a Central Bank Digital Currency (CBDC) issued by the Reserve Bank of India (RBI), is poised to have significant implications for the Indian economy. The shift to a digital currency is expected to contribute to the digitization of money, facilitating India's transition towards a cashless economy.
Google agreed to improve its legal compliance process in a settlement with the U.S. Department of Justice after failing to produce data on the now-defunct crypto exchange BTC-e in 2016.
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