*LatestLaws.com is a proud Media Partner of National Webinar on ‘Regulation of Cryptocurrencies in India’ organised by Centre of Excellence for Cyber Law, VSLLS to be held on 27th Sept, 2021*
About VSLLS
Vivekananda School of Law and Legal Studies (VSLLS) of Vivekananda Institute of Professional Studies (VIPS) is committed to realizing the words of Swami Vivekananda: “Man Making, Character Building and Nation Building”.
Vivekananda Institute of Professional Studies is affiliated to Guru Gobind Indraprastha University, recognised by Bar Council of India and UGC under section 2(f), with NAAC ‘A’ accreditation. VSLLS has from the very inception aimed at imparting quality legal eduction and training to young minds with the objective of making them able lawyers, sensetive judges, good researchers, brilliant academicians and industy ready professionals. Over the period of time, the school hs produced large number of legal professionals who are serving the society to achieve the goals and values envisaged in the consitution of India.
About CECL
Centre of Excellence for Cyber Law is one of the Centre of Excellence of Vivekananda School of Law and Legal Studies, VIPS established as an initiative appraising the ubiquity and dynamics of cyberspace, recognising the compelling need of technologically neutral and uniform legal structure dealing with cyberspace and Information Technology and acknowledging the requirement of possessing its knowledge as an inescapable qualification in the era of Fourth Industrial revolution. Inevitably, cyber law has become an indispensible necessity working towards regulation of this borderless space in order to create a protected sphere which is capable of safeguarding the interest of various stakeholders.
In the light of the emerging contours of cyberspace, meteoric development in technology, diverse legal frameworks across the globe, the popping controversies surrounding the balancing of interests not only of individuals but also of nations, the Centre is proposed to function with a broad objective to explore techno-legal aspects of the critical and novel facets of cyber space and interpret the National and International developments in the field of Cyber law by integration of interdisciplinary approach through awareness, research and training programmes.
About the Event
This National Webinar is the inaugural event of Centre of Excellence for Cyber Law and the theme of the webinar is ‘Regulation of Cryptocurrencies in India’. Since the inception of cryptocurrencies, India has taken a cautious position towards the use and transactions in cryptocurrencies. Till date, there stands no specific legislation regulating the cryptocurrencies in India. The concerned departments and law enforcement agencies i.e. the Reserve Bank of India (RBI), Enforcement Directorate (ED) and Income tax authorities take action as per relevant existing laws. The first formal restriction on the use and transaction involving cryptocurrencies was affected by circular issued by the RBI in 2018 wherein the banks, Non- Banking Financial Companies (NBFCs) and payment systems were prohibited from facilitating financial transactions for entities related to cryptocurrencies. However, the Supreme Court struck down the said circular in Internet and Mobile Association of India v. Reserve Bank of India (2020 SCC Online SC 275).
Keeping in mind the rising investment in cryptocurrencies and with the intend to create a facilitative framework for issuing an official digital currency by the RBI and ban all private cryptocurrency, the government has recently proposed a bill titled Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 raising concerns about the future of cryptocurrency in India.
Chief Guest and Speaker: Mr. Vakul Sharma (Managing Partner, Vakul Corporate Advisory & Cyber Law Expert)
Schedule
Date: 27 th September, 2021
Time: 4:00 P.M
Venue
The event will take place on Zoom Platform.
For Registration:
https://docs.google.com/forms/d/1yb3TYnnWnlDT8eekO8XiMjAW8LMGGj2sdsO7j15qM\Og/edit
Organising Team
Prof. (Dr.) R. Venkata Rao, Chairperson, VSLLS & VSES (Patron-in-Chief)
Dr. T.V. Subba Rao, Professor-Emeritus, VSLLS (Patron)
Prof. (Dr.) Rashmi Salpekar (Dean,VSLLS)
Dr. J. Ravindran (Associate Dean, VSLLS)
Ms. Ritika Chauhan, Faculty Convener CECL (Assistant Professor,VSLLS)
Ms. Ravneet Sandhu, Member CECL(Assistant Professor,VSLLS)
Dr. Nipun Gupta Jain, Member, CECL(Assistant Professor,VSLLS)
Student Team
Mr. Vinayak Uniyal (Executive member)
Ms. Saumya Tripathi (Executive member)
Mr. Prince Malik (Executive member)
For queries, contact at vips.cecl@gmail.com
