BLOCK CHAIN AND CRYPTOCURRENCY LAWS AND REGULATIONS 2024 – AN ANALYSIS
Keywords:
Virtual Currencies (VCs), Virtual Digital Assets (VDAs), Regulatory Framework, Anti-Money Laundering (AML), Smart ContractsAbstract
This paper examines India's evolving regulatory framework for virtual currencies (VCs) and virtual digital assets (VDAs). It highlights legislative updates, including amendments to the Companies Act, Prevention of Money Laundering Act, and income tax laws, reflecting the growing significance of VDAs. The study discusses India's proactive role in global crypto regulation as the G20 president and explores potential solutions like smart contracts for managing VDA-related assets. The paper underscores the need for innovative approaches to ensure seamless integration of VDAs within existing legal structures.
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Copyright (c) 2024 D. Srujana (Author)
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
