India And The Blockchain Technology: The Dawdling Desi Approach

Nishi Agrawal, Associate at AJA Legal and Associates, Mumbai & Mihir Modi, Associate at PSL Advocates and Solicitors, Mumbai

ABSTRACT

Amidst the Covid-19 pandemic which shrouded the nations and has been hissing out its effect on the global economy, the dynamic change in preference towards Blockchain Technology by advanced economies has proved to be a paradigm shift in the nature and habits of the global financial markets. Blockchain is a revolutionary distributed ledger technology based on conglomeration of several technologies with an obvious commercial potential. The authors under this Article have described the tale of India’s dawdling approach in adapting any new technology by analysing various steps taken by the RBI against the legal enforceability of the virtual currencies.

Indian Journal of Law and Legal Research

Abbreviation: IJLLR

ISSN: 2582-8878

Website: www.ijllr.com

Accessibility: Open Access

License: Creative Commons 4.0

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All research articles published in The Indian Journal of Law and Legal Research are fully open access. i.e. immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution and reproduction in any medium, provided the original work is properly cited.

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The opinions expressed in this publication are those of the authors. They do not purport to reflect the opinions or views of the IJLLR or its members. The designations employed in this publication and the presentation of material therein do not imply the expression of any opinion whatsoever on the part of the IJLLR.

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