Faculty Seminar organized by School of Law

On 24^th June, 2020, Ms. Maryanka, Assistant Professor, School of Law, IUU presented a paper titled “Legal Analysis of Cryptocurrencies” as part of the Faculty Seminar series.  Ms. Maryanka discussed about the characteristics features of block-chain technology and highlighted the need for a decentralized system of payments.  The central idea of the presentation was the case analysis of “Internet & Mobile Association of India v/s Reserve Bank of India”. Wherein, she delved into the repercussions of legalizing bitcoins as acceptable mode of payment as opined by Hon’ble Supreme Court of India. In this case, the position of  legalizing cryptocurrencies vis-a –vis our Fundamental Right to practice any profession, or to carry on any occupation, trade or business as given under Article 19 (1)(g) of the Constitution of India was ascertained. In her conclusion, Ms. Maryanka discussed the prospective chances of regulation of cryptocurrencies along with suggesting measures to combat  problems arising out of such transactions in comparison with international case scenario across different jurisdictions.