Student at USLLS, Guru Gobind Singh Indraprastha University, India
This research paper explores the regulatory landscape of the Indian banking regime in relation to cryptocurrency. The study highlights the cautious approach taken by the Reserve Bank of India towards the adoption of cryptocurrencies, and the challenges faced in regulating this emerging market. The research also analyses the regulatory frameworks implemented in Singapore, Japan, and South Korea, and how these countries have addressed the risks associated with cryptocurrencies. The findings suggest that while India has been slow in adopting cryptocurrency, the other three countries have taken a more proactive approach towards regulating the market. The study also highlights the need for a comprehensive regulatory framework in India that addresses the risks associated with cryptocurrencies while promoting innovation and growth in the sector. Overall, this research paper provides valuable insights into the regulatory landscape of the Indian banking regime in relation to cryptocurrency, and how it compares to the regulations implemented in other countries.
International Journal of Law Management and Humanities, Volume 6, Issue 3, Page 1559 - 1576DOI: https://doij.org/10.10000/IJLMH.115015
This is an Open Access article, distributed under the terms of the Creative Commons Attribution -NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.
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