News: The hype around NFTs may be a gold rush, but it has made an important idea mainstream: Creators need to take back control from Big Tech. Are NFTs a speculative bubble? Couple of factors due to which some experts believe to be speculative bubbles: – Relation of NFTs to Cryptocurrencies, which are in itself… Continue reading NFTs are overhyped, but useful for a creative economy
Author: Luv Sharma
How to regulate crypto, minus a crypto-specific law
News: Bringing a new legislation for Crypto regulation may not be necessary in India until Cryptocurrency transactions reach a widespread adoption. Till then, a more prudent approach would be to extend our current regulatory frameworks, along with the associated enforcement apparatus, to regulate cryptos as yet another class of assets. What are the challenges the… Continue reading How to regulate crypto, minus a crypto-specific law
Why the Reserve Bank wants to have its own digital currency
News: The Indian government and the RBI are getting ready to launch a central bank digital currency (CBDC). This is indicated by the scheduled introduction of the Cryptocurrency and Official Digital Currency Bill, 2021, in the winter session of the Parliament. Further, the government has also received a proposal from the RBI in Oct 2021… Continue reading Why the Reserve Bank wants to have its own digital currency
Fighting together: Only the political leadership can clear the way for joint theatre commands
News: The new navy chief, Admiral R Hari Kumar, recently said that the US military took 50 years to achieve its joint command structure. Although he clarified that he wasn’t implying that it would take a similar amount of time to establish India’s joint theatre commands, his stress was on highlighting the complexities involved. What… Continue reading Fighting together: Only the political leadership can clear the way for joint theatre commands
The farm laws fiasco offers 7 lessons on how to reform in a democracy
News: The enactment of farm laws, sustained farmer protests against them over the year and the eventual repeal has many takeaways for the future policymakers. Seven such policy lessons are discussed. Together they form a toolkit for the future reformer. What are key policy lessons from the farm law fiasco? Lesson 1: Push for simultaneous… Continue reading The farm laws fiasco offers 7 lessons on how to reform in a democracy
The brush with crypto offers some lessons for regulation
News: Technology innovation typically remains a step ahead of regulatory frameworks designed with current practices in mind. Problems occur when these innovations push the envelope beyond accepted codes of social and ethical behaviour. At present, innovations in two sectors are a cause of worry for India’s sectoral regulators: Proliferation of Cryptocurrency exchanges and unregulated digital… Continue reading The brush with crypto offers some lessons for regulation
Web 3.0: The future of internet? – Explained, pointwise
For 7PM Editorial Archives click HERE → Contents1 Introduction2 What is Web 3.0?3 Evolution of the World Wide Web4 Why we need Web 3.0?5 What are the key differences between Web 2.0 and Web 3.0?6 Are Metaverse and Web 3.0 interrelated?7 What are the implications of Web 3.0?8 Where is India in Web 3.0?9 What is the way… Continue reading Web 3.0: The future of internet? – Explained, pointwise
Plea in Delhi HC opposes legalisation of same-sex marriages under Hindu Marriage Act
What is the news? A plea, by an NGO, before the Delhi High Court, has sought that same-sex marriages should not be permitted under the Hindu Marriage Act. Background: The plea comes at a time when at least eight petitions seeking legalisation of same-sex marriages in India under the Hindu Marriage Act (HMA), the Special… Continue reading Plea in Delhi HC opposes legalisation of same-sex marriages under Hindu Marriage Act
Strategy to adopt blockchain into govt systems released
What is the news? The Ministry of electronics and IT (MeitY) has released a national strategy on blockchain for adopting the technology in government systems, especially for e-governance services. What are the key features of national strategy on blockchain? It identifies 44 potential areas of using the technology and lays out the broad framework of… Continue reading Strategy to adopt blockchain into govt systems released
The tech holes that ensure that crypto can never be effectively banned
News: Experts have stated that it is not possible to enforce an effective ban on cryptocurrency in a foolproof manner. Why banning Cryptocurrency is not possible? Peer to Peer networks: Users can always transact using peer-to-peer networks. This is exactly what happened in India post RBI’s restrictions on Indian banks in 2018. Defi platforms: Users… Continue reading The tech holes that ensure that crypto can never be effectively banned
