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| Format: | Recurso digital |
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Zenodo
2026
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| Accès en ligne: | https://doi.org/10.5281/zenodo.18990753 |
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| _version_ | 1866901186873917440 |
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| author | Sujal Sharma |
| author_facet | Sujal Sharma |
| contents | The sudden growth of cryptocurrencies has created a set of intricate regulatory and legal issues for the financial and governance system of India. The decentralized nature of digital currencies like Bitcoin and Ethereum challenges the conventional monetary system, giving rise to concerns about their legal status, protection of investors, taxation, and overall financial stability. This paper critically analyzes the regulatory environment in India, especially in the wake of the 2018 circular issued by the Reserve Bank of India and its subsequent strike-down in the case of Internet and Mobile Association of India v. Reserve Bank of India. It also discusses challenges with respect to money laundering under the Prevention of Money Laundering Act, 2002, taxation of virtual digital assets, and the lack of a comprehensive statutory regulatory framework for cryptocurrency exchanges. The paper contends that the current stance of India is one of regulatory ambivalence, vacillating between control and tolerance. |
| format | Recurso digital |
| id | zenodo_https___doi_org_10_5281_zenodo_18990753 |
| institution | Zenodo |
| language | |
| publishDate | 2026 |
| publisher | Zenodo |
| record_format | zenodo |
| spellingShingle | Legal Challenges in Regulating Cryptocurrency in India Sujal Sharma The sudden growth of cryptocurrencies has created a set of intricate regulatory and legal issues for the financial and governance system of India. The decentralized nature of digital currencies like Bitcoin and Ethereum challenges the conventional monetary system, giving rise to concerns about their legal status, protection of investors, taxation, and overall financial stability. This paper critically analyzes the regulatory environment in India, especially in the wake of the 2018 circular issued by the Reserve Bank of India and its subsequent strike-down in the case of Internet and Mobile Association of India v. Reserve Bank of India. It also discusses challenges with respect to money laundering under the Prevention of Money Laundering Act, 2002, taxation of virtual digital assets, and the lack of a comprehensive statutory regulatory framework for cryptocurrency exchanges. The paper contends that the current stance of India is one of regulatory ambivalence, vacillating between control and tolerance. |
| title | Legal Challenges in Regulating Cryptocurrency in India |
| url | https://doi.org/10.5281/zenodo.18990753 |