Sunday, February 5, 2023
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Currencies

Pass PDP Bill before legislating on digi currencies: Justice Srikrishna

MtR by MtR
June 12, 2021
in Currencies
0
Pass PDP Bill before legislating on digi currencies: Justice Srikrishna


Chennai: The laws around data privacy and protection should be clearly defined before the government looks at legislating digital currencies and cryptocurrencies, retired Justice BN Srikrishna, who headed the expert committee appointed by the government for data protection norms, said on Friday.
The government should pass the Personal data protection (PDP) bill and set the parameters of data protection and go around it to legislate on digital currencies as data privacy will be at the core of digital currency and those transacting can’t do it outside the system, he said.
“The same problem happened in Aadhar. They should have passed the PDP before bringing in Aadhar and they should not make the same [mistake here],” he said. Justice Srikrishna was speaking virtually at a panel discussion titled “Digital Currency- Is India ready for it” organised on Friday by think tank Chennai International Centre. Navin Surya, chairman of fintech convergence council, and Arjun Vijay, co-founder of cryptocurrency exchange Giottus were the other speakers at the talk. Srikrishna reiterated that the prospects of the cryptocurrency industry and the future of a digital ruppe rests on political will and intention and depends on the Parliament legislating the subject.
“What prevents the Parliament from legislating whether crypto is a currency or security or anything else? They must legislate [and clearly determine] which regulatory body has to govern it,” he said. “Each regulator in the country thinks in a silo,” he added.
The Ministry for Electronics & Information Technology (MEITY) set up a 10-member committee under Justice Srikrishna in 2017 to identify key data protection issues and recommend methods. While the committee released the proposed PDP Bill in 2018, the Joint Committee of Parliament is still examining the Bill and is yet to pass the Act.

FacebookTwitterLinkedinEMail





Source link

Related articles

Today's Currency Winner: The Japanese Yen – The Wall Street Journal

August 10, 2022

Africa: Cedi Still Worst Performing Currency in Africa – Depreciates 28.8 Percent to Dollar – Bloomberg

August 10, 2022

Related Posts

Today's Currency Winner: The Japanese Yen – The Wall Street Journal

by MtR
August 10, 2022
0

Today's Currency Winner: The Japanese Yen  The Wall Street Journal Source link

Africa: Cedi Still Worst Performing Currency in Africa – Depreciates 28.8 Percent to Dollar – Bloomberg

by MtR
August 10, 2022
0

The precarious situation of the cedi is not getting any better soon, as the local currency has recorded a -28.82...

Reserve Bank of Australia to Pilot Digital Currency, Explore Use Cases – Finance Bitcoin News

by MtR
August 10, 2022
0

The monetary authority in Australia is beginning research into the potential economic benefits of issuing a central bank digital currency....

The Currency Creek Bridge will have restoration and reinforcement works to ensure its longevity – Victor Harbor Times

by MtR
August 10, 2022
0

The Currency Creek Bridge will have restoration and reinforcement works to ensure its longevity  Victor Harbor Times Source link

Balance introduces Balance Compliance for Canadian MSBs dealing in virtual currency

by MtR
August 9, 2022
0

TORONTO--(BUSINESS WIRE)--Balance, Canada’s largest digital asset custodian, today unveiled Balance Compliance, a turnkey solution which streamlines regulatory compliance for FINTRAC...

Load More
  • Trending
  • Comments
  • Latest

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021

Tips for checking smoke alarms during daylight saving time

March 12, 2022

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021

What will Durham County education bonds pay for? A full list

July 8, 2022
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022

U.S. inflation CPI report, Wall Street, currencies

August 10, 2022

Alberta oil production set new record in first half of 2022

August 10, 2022

Industrial Lubricants Market to Reach $71 Billion by 2027.

August 10, 2022

Recent News

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022

U.S. inflation CPI report, Wall Street, currencies

August 10, 2022

Alberta oil production set new record in first half of 2022

August 10, 2022

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter