Celine Mathew, IPR Legal Associate (Law Office of Rahul Dev)
ABSTRACT
The growth of computer technology and the growing importance of economic globalization during the COVID-19 pandemic has drastically evolved the global economic policy. This policy has incorporated the circulation of electronic money and digital assets extensively due to the growth of these instruments in the present-day financial market. However, while this development is prosperous what we often fail to understand is that the idea of Innovation prospers based on domestic public policy. An effective public policy with a fair and equitable enforcement mechanism aligns technical innovation with human flourishment. And while the debate over legal restrictions stifling innovation, continues, the necessity of legal protection is very essential. When a legal structure is put in place, it is done so with careful consideration given to the scope of the subject matter. After a law is introduced, another aspect to consider is that the law does not go beyond what is required and all government actions must be limited to the set standards of the law.
