Open Access Research Article

EXPLORING THE INTERSECTION OF CRYPTOCURRENCY TECHNOLOGY & INTELLECTUAL PROPERTY RIGHTS: CHALLENGES, OPPORTUNITIES AND LEGAL IMPLICATIONS

Author(s):
MEKHLA CHAKRABORTY ANUSHKA DHRUVE
Journal IJLRA
ISSN 2582-6433
Published 2023/10/31
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Issue 7

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EXPLORING THE INTERSECTION OF CRYPTOCURRENCY TECHNOLOGY & INTELLECTUAL PROPERTY RIGHTS: CHALLENGES, OPPORTUNITIES AND LEGAL IMPLICATIONS
 
AUTHORED BY- MEKHLA CHAKRABORTY
Phone Number: 8583059907
Email Id: mekhlachakraborty03@gmail.com
Name of Institution: Amity University, Kolkata
 
CO-AUTHOR- ANUSHKA DHRUVE
Phone Number: 9007735358
Email Id: anushkadhruve4@gmail.com
Name of Institution: Amity University, Kolkata
 
 
Abstract:
Cryptocurrencies and blockchain technology have ushered in a revolutionary era of decentralized finance and digital assets, challenging conventional financial and legal paradigms. This research delves into the intriguing intersection between cryptocurrency and intellectual property rights, exploring the multifaceted implications and challenges that arise in this nascent field. The research begins by dissecting the foundational principles of blockchain technology, including smart contracts and decentralized applications (DApps), which are at the core of this technological transformation. It then navigates through the intricate web of intellectual property rights, analyzing copyright, patent, and trademark issues concerning cryptocurrencies and blockchain innovation. In doing so, it unravels the complexities of protecting cryptocurrency source code, innovative DApps, and proprietary algorithms in an increasingly competitive digital landscape. To provide a global perspective, this study also explores various jurisdictional responses to intellectual property issues in the cryptocurrency ecosystem. It highlights the regulatory disparities in different regions and their potential impact on the protection and commercialization of blockchain technology. Through a comprehensive analysis of intellectual property rights in the context of cryptocurrencies, this study aims to provide a nuanced understanding of the challenges and opportunities facing creators, innovators, and blockchain enthusiasts. It contributes to the ongoing discourse on intellectual property rights within this transformative digital landscape and serves as a vital resource for legal practitioners, policymakers, and scholars seeking to navigate this complex terrain.
 
Keywords: Blockchain, cryptocurrency, trademark, decentralized, Competition Commission of India, intellectual property rights
 
INTRODUCTION
Decentralized Finance, or DeFi, stands at the forefront of a financial revolution, challenging traditional paradigms through the transformative power of blockchain technology. At its core, DeFi seeks to create an open and inclusive financial ecosystem by leveraging the principles of decentralization, transparency, and programmability. One of the fundamental pillars of DeFi is blockchain technology. Blockchain, a distributed and immutable ledger, serves as the infrastructure that underpins the entire DeFi ecosystem. With smart contracts, self-executing code on the blockchain, DeFi eliminates the need for intermediaries in financial transactions. This not only reduces costs but also enhances the efficiency and speed of various financial processes, such as lending, borrowing, and trading.
 
Smart contracts enable automated and trustless execution of agreements, ensuring that the terms of a financial transaction are met without the necessity of a centralized authority. This not only fosters transparency but also mitigates the risks associated with traditional financial intermediaries. Participants in the DeFi space can engage in financial activities without relinquishing control of their assets to third parties. The concept of decentralization extends beyond eliminating intermediaries. DeFi operates on a peer-to-peer network, enabling users to interact directly without relying on a centralized authority. This peer-driven model enhances financial inclusivity, providing access to financial services for individuals who were previously underserved or excluded from traditional banking systems. Lending and borrowing are prominent components of the DeFi landscape. Through decentralized lending platforms, individuals can lend their crypto assets and earn interest, while borrowers can access capital without the need for a traditional credit check. This decentralized approach to lending introduces a new level of financial freedom and inclusivity.
 
Decentralized exchanges (DEXs) further exemplify the power of DeFi. These platforms facilitate trustless and non-custodial trading of digital assets, allowing users to maintain control of their funds throughout the trading process. The absence of a central authority mitigates the risks of hacking or manipulation that centralized exchanges may be susceptible to.
 
Tokenization, another key aspect of DeFi, involves representing real-world assets on the blockchain. This process enables fractional ownership and increased liquidity for a wide range of assets, from real estate to art. By tokenizing assets, DeFi opens up new investment opportunities and broadens the scope of what can be traded on blockchain networks.
 
However, the rapid growth of DeFi has not been without challenges. Security concerns, smart contract vulnerabilities, and regulatory uncertainties pose potential risks to the stability and adoption of decentralized finance. Striking a balance between fostering innovation and addressing these challenges remains a crucial task for the sustained development of the DeFi ecosystem. DeFi represents a paradigm shift in the financial landscape, challenging the traditional notions of centralized finance. Through the innovative use of blockchain technology, DeFi introduces a new era of financial inclusivity, transparency, and efficiency. While challenges persist, the potential for reshaping global finance and providing accessible financial services to all remains a driving force behind the continued evolution of decentralized finance.
 
CRYPTOCURRENCY AND BLOCKCHAIN TECHNOLOGY
Cryptocurrency, a groundbreaking innovation rooted in cryptographic principles, has emerged as a transformative force in the realm of digital finance. Beyond being a form of digital currency, cryptocurrencies are underpinned by blockchain technology, a decentralized and immutable ledger that has disrupted traditional financial systems and ushered in a new era of financial possibilities.
 
At the heart of cryptocurrency lies the concept of decentralization. Unlike traditional currencies that are controlled by governments and central banks, cryptocurrencies operate on decentralized networks of computers. This decentralized nature eliminates the need for intermediaries, fostering a peer-to-peer system that empowers individuals to have direct control over their financial transactions.
 
Blockchain, the technology that powers cryptocurrencies, ensures transparency, security, and immutability. Transactions on the blockchain are recorded in blocks that are linked and secured through complex cryptographic algorithms. This not only prevents tampering or fraud but also provides a transparent and auditable history of transactions. The decentralized and trustless nature of blockchain has implications far beyond currency, extending into various sectors such as supply chain management, healthcare, and voting systems. Bitcoin, the first and most well-known cryptocurrency, introduced the concept of a decentralized digital currency. Conceived in the aftermath of the 2008 financial crisis, Bitcoin aimed to create a currency that operated independently of traditional banking systems. Since then, thousands of alternative cryptocurrencies, commonly referred to as altcoins, have been created, each with its unique features and use cases[1].
 
Smart contracts, a significant innovation associated with cryptocurrencies like Ethereum, expand the utility of blockchain technology. Smart contracts are self-executing contracts with the terms of the agreement directly written into code. These contracts automate and enforce the execution of agreements, eliminating the need for intermediaries and reducing the potential for disputes. Cryptocurrencies have also introduced the concept of tokenization; wherein real-world assets are represented as digital tokens on the blockchain. This process enables fractional ownership and facilitates the trading of assets that were traditionally illiquid. Real estate, art, and even commodities can be tokenized, providing new avenues for investment and liquidity.
 
Despite the remarkable potential of cryptocurrencies, challenges persist. Price volatility, regulatory uncertainties, and security concerns have led to debates about their long-term viability and mainstream adoption. Governments and regulatory bodies grapple with the task of creating frameworks that balance innovation and consumer protection. Cryptocurrency stands as a revolutionary force, reshaping the landscape of digital finance. Beyond serving as a medium of exchange, cryptocurrencies, powered by blockchain technology, embody principles of decentralization, transparency, and efficiency. As technology continues to evolve, the impact of cryptocurrency on traditional finance and various industries is likely to be profound, paving the way for a more decentralized and inclusive global financial ecosystem.
 
Cryptocurrency leverages blockchain technology to redefine the landscape of digital transactions. At its core, a blockchain is a decentralized, distributed ledger that records transactions across a network of computers. In the context of cryptocurrency, like Bitcoin or Ethereum, this blockchain serves as a transparent and tamper-resistant record of every transaction. Each transaction is bundled into a block, and these blocks are linked in chronological order, forming an unbroken chain—the blockchain. The decentralized nature of the blockchain ensures that no single entity has control over the entire network, enhancing security and trust in the system. Cryptocurrencies use cryptographic techniques to secure transactions and control the creation of new units. For instance, Bitcoin relies on a process called mining, where participants solve complex mathematical problems to validate transactions and add new blocks to the chain. This decentralized consensus mechanism prevents fraud and ensures the integrity of the entire system. Moreover, blockchain technology introduces transparency. Anyone with access to the blockchain can view the entire transaction history, promoting accountability and reducing the risk of fraudulent activities. This transparency is crucial for building trust in a system where users may not know each other personally.
 
Smart contracts, a feature of some blockchain platforms like Ethereum, further enhance the capabilities of cryptocurrencies. Smart contracts are self-executing contracts with the terms of the agreement directly written into code. They automatically enforce and execute the terms when predefined conditions are met, eliminating the need for intermediaries. The amalgamation of cryptocurrency and blockchain technology has created a paradigm shift in how we perceive and conduct digital transactions. The decentralized, transparent, and secure nature of blockchain provides the foundation for cryptocurrencies to thrive, offering a new era of financial possibilities and reshaping traditional notions of trust and control.
 
CRYPTOCURRENCY AND IPR: BENEFITS AND VULNERABILITIES
Cryptocurrencies have the potential to significantly enhance the Intellectual Property Rights (IPR) regime in India, providing innovative solutions to longstanding challenges. The IPR framework encompasses patents, trademarks, copyrights, and trade secrets, and integrating cryptocurrencies can bring about positive transformations. One of the key strengths of cryptocurrencies, particularly blockchain technology, lies in its ability to establish transparent and immutable records. Applying this to the IPR landscape, blockchain can be employed to create secure and unalterable databases for patents, trademarks, and copyrights[2]. This decentralized ledger ensures a reliable and tamper-proof history of intellectual property rights, reducing the risk of fraud or disputes.
 
Cryptocurrencies have the potential to significantly enhance the Intellectual Property Rights (IPR) regime in India, providing innovative solutions to longstanding challenges. The IPR framework encompasses patents, trademarks, copyrights, and trade secrets, and integrating cryptocurrencies can bring about positive transformations. One of the key strengths of cryptocurrencies, particularly blockchain technology, lies in its ability to establish transparent and immutable records. Applying this to the IPR landscape, blockchain can be employed to create secure and unalterable databases for patents, trademarks, and copyrights. This decentralized ledger ensures a reliable and tamper-proof history of intellectual property rights, reducing the risk of fraud or disputes. Smart contracts, self-executing contracts with the terms of the agreement directly written into code, offer a groundbreaking application within the IPR domain. These contracts can automate various aspects of intellectual property management, from licensing agreements to royalty distributions. This not only streamlines processes but also minimizes the potential for errors and disputes, fostering a more efficient and trustworthy system.
 
In the context of trademarks, blockchain can revolutionize the registration and protection process. Trademark details recorded on a blockchain provide immutable proof of ownership and a timestamped history, crucial in case of disputes. This transparency can also prevent the unauthorized use of trademarks and counterfeiting, bolstering the protection of brands and fostering a more secure business environment. The global nature of cryptocurrencies aligns with the international scope of intellectual property. Blockchain can facilitate cross-border protection of IPR by providing a standardized and easily accessible repository of rights. This can simplify the process of verifying and enforcing intellectual property rights on a global scale, making it more efficient for businesses operating internationally.
 
Furthermore, the decentralized nature of blockchain aligns with the democratizing ethos of intellectual property. By reducing reliance on centralized authorities, cryptocurrencies empower individual creators and innovators. This decentralized approach could encourage more widespread participation in the intellectual property system, especially benefiting smaller entities and individual artists. While the potential benefits are evident, challenges such as the integration of these technologies into existing legal frameworks and issues related to data privacy and security need to be addressed. Regulatory clarity is essential to provide a supportive environment for the adoption of crypto-driven solutions within the IPR regime. The enhanced transparency, efficiency, and security offered by these technologies can revolutionize how intellectual property rights are managed and protected, ultimately fostering a more robust and equitable innovation ecosystem in the country.
 
SHOULD CRYPTOCURRENCY BE TRADEMARKED?
Cryptocurrencies and the question of whether they can be trademarked is a nuanced topic at the intersection of technology, law, and intellectual property. Trademarks typically protect names, logos, and symbols associated with goods or services to prevent consumer confusion. In the realm of cryptocurrencies, the debate centers around the distinctiveness of these digital assets. Many argue that cryptocurrencies, like Bitcoin or Ethereum, are generic terms describing a type of digital currency and, therefore, should not be trademarked. However, specific tokens or projects within the crypto space often have unique names or logos that could qualify for trademark protection. The process of trademarking a cryptocurrency involves navigating the existing legal frameworks that may not have anticipated the complexities of this emerging technology. Traditionally, trademarks are associated with tangible goods or established services, and applying the same principles to intangible, decentralized assets pose challenges.
 
In the USA, ‘cryptocurrency’ has been mentioned under Trademark ID Manual in Class 9 (cryptocurrency hardware wallets, hardware for cryptocurrency mining, etc.), Class 36 (financial exchange, such as cryptocurrency payment processing, cryptocurrency trading service, etc.) and Class 42 (online cryptocurrency wallet, etc.). The primary question that emanates from the trademarking concerns of cryptocurrency is the ambiguity regarding its nature, whether it qualifies as a good or service. In the case of Alibaba Grp. Holding Ltd. Vs. Alibaba Coin Foundation[3], the Federal District Court held that cryptocurrency could be trademarked because it qualified as a good. An important consideration here is that cryptocurrency could have a dual nature, while for purposes akin to that of traditional currency it serves as a medium of exchange, for specific purposes it acts as a good or service. Cryptocurrency names should also not be generic as was held in the case of Telegram Messenger Inc. vs. Lantah LLC[4].
 
One key consideration is the potential for consumer confusion. In a landscape where new cryptocurrencies and blockchain projects continually emerge, trademarks become crucial for establishing distinct identities. Trademarking can protect investors and users from misleading or fraudulent schemes that may exploit the popularity of well-known cryptocurrencies. Furthermore, the unique branding associated with cryptocurrency can be an asset for the project. Trademarks can secure the intellectual property rights of these brands, fostering innovation and incentivizing development within the crypto space. However, there are counterarguments. Some assert that the decentralized and open nature of cryptocurrencies contradicts the idea of exclusive ownership through trademarks. The ethos of many crypto projects revolves around community-driven development and transparency, challenging the traditional notions of intellectual property. As the crypto landscape evolves, legal systems are adapting to accommodate these technological shifts. Authorities are developing frameworks that balance the need for trademark protection with the decentralized principles of cryptocurrencies. This evolution reflects a broader trend in recognizing the legal implications of blockchain technology.
 
It is equally important to note that due to lack of trademark protection, inadequate legal protection exists for the owner of the cryptocurrency. Further, in recent years, words like ‘bitcoin’ and ‘blockchain’ have gained significant traction and are therefore misused to gain quick popularity. Thus, extending trademark protection is essential in such cases[5]. While the question of whether cryptocurrencies can be trademarked doesn't have a one-size-fits-all answer, it prompts a crucial exploration of the intersection between technology and intellectual property law. Striking a balance that protects consumers, encourages innovation, and respects the decentralized nature of cryptocurrencies is essential for the continued growth and legitimacy of this transformative industry.
 
 
 
 
CRYPTOCURRENCY AND THE EMERGENCE OF ANTI-COMPETITIVE PRACTICES
The intersection of cryptocurrency and Indian competition law marks a dynamic interplay between an evolving digital financial landscape and regulatory frameworks designed to ensure fair market practices. Cryptocurrencies, with their decentralized nature and potential to disrupt traditional financial systems, pose unique challenges and opportunities within the scope of competition law in India.
 
At the heart of competition law is the promotion of fair competition, preventing monopolistic practices, and safeguarding consumer interests. Cryptocurrencies, being a relatively nascent industry, have yet to be comprehensively addressed by Indian competition regulators. However, certain key aspects warrant consideration. One primary concern is the potential emergence of monopolies or dominant players within the cryptocurrency space. As the industry evolves, certain cryptocurrencies or platforms might gain significant market share, raising questions about anti-competitive behavior. Indian competition law authorities would need to monitor and intervene if practices detrimental to fair competition arise, ensuring that new entrants have equal opportunities to thrive. Another facet involves the decentralized nature of many cryptocurrencies. Traditional competition laws are often designed to address centralized entities, and adapting these frameworks to decentralized systems presents a novel challenge. The absence of a single controlling authority in many cryptocurrency networks could influence how competition authorities approach issues related to market dominance. Fraud and market manipulation within the cryptocurrency space also fall under the purview of competition law. Ensuring that market participants engage in fair and transparent practices aligns with the broader goals of competition regulation.
 
The regulatory landscape in India regarding cryptocurrencies is evolving. While there is no specific competition law addressing the crypto industry, general competition principles apply. The Competition Commission of India (CCI) has the authority to investigate and penalize anti-competitive practices, and its role in monitoring the cryptocurrency space may intensify as the industry matures.
 
The Competition Act, 2002 defines enterprise under section 2(h) of the Act as, “a person or department which is engaged in any activity…..”. The inclusion of blockchain under the definition of ‘enterprise’ is facilitated by the usage of ‘persons’ and ‘services’ in its technology. the usage of blockchain includes persons and associations while blockchain is considered as service, invariably. Section 3 of the Act defines anti-competitive agreements. Blockchain functions as a consensus mechanism to alter the status of the ledger. Thus, it comes under the ambit of agreements.  Further, jurisdictional concerns arise due to the anonymity associated with the usage of blockchain as participants may be spread across jurisdictions making it difficult for authorities to demarcate jurisdiction of complaints. The celebrated aspect of blockchain is that every user has equal access to material information allowing for transparency of transactions. However, such crucial information could also lead to the adoption of anti-competitive practices. The CCI in its Compliance Manual[6] decision ruled that disclosure of matters such as prices, conditions and quantities of goods should be prohibited. In Builders Association of India v. Cement Association of India and ors[7], the Commission held that commercially sensitive information could result in the formation of anti-competitive agreements.  Collaboration between regulatory bodies, including the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI), is crucial for a comprehensive approach to regulating cryptocurrencies under competition law. Clarity in defining the boundaries of jurisdiction and responsibilities of each regulatory body is essential to avoid regulatory arbitrage and ensure effective oversight. The integration of cryptocurrency into the fabric of Indian competition law requires a delicate balance between fostering innovation and safeguarding fair competition. As the crypto landscape continues to unfold, regulatory bodies must remain agile, adapting traditional frameworks to suit the unique characteristics of decentralized financial systems. A proactive and collaborative approach is key to nurturing a competitive and vibrant cryptocurrency ecosystem while mitigating potential risks to market integrity and consumer protection.
 
A GLOBAL REGULATORY LANDSCAPE OF CRYPTOCURRENCY
The emergence of cryptocurrencies has ushered in a new era of financial innovation, transcending national borders and challenging traditional regulatory frameworks. The regulatory response to cryptocurrencies varies significantly from country to country, reflecting a diverse range of perspectives, concerns, and approaches to this decentralized phenomenon[8].
United States
In the United States, the regulatory landscape for cryptocurrencies is evolving. Different regulatory bodies, such as the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), and the Internal Revenue Service (IRS), have asserted their jurisdiction over various aspects of the crypto space. The U.S. approach combines elements of consumer protection, securities regulation, and taxation.
 
China
China has taken a more restrictive stance on cryptocurrencies. The country banned initial coin offerings (ICOs) and cracked down on cryptocurrency exchanges, citing concerns about financial stability and potential capital flight. However, China has been actively exploring the development of its own central bank digital currency (CBDC), reflecting a nuanced approach to digital currencies.
 
Japan
Japan has embraced cryptocurrencies through a comprehensive regulatory framework. Recognizing Bitcoin as legal tender, Japan has established licensing requirements for cryptocurrency exchanges to ensure consumer protection and prevent money laundering. This approach has positioned Japan as a crypto-friendly nation, fostering innovation while maintaining regulatory oversight.
 
European Union
The European Union (EU) has seen a harmonized yet diverse approach to cryptocurrency regulation. While the EU has introduced the Fifth Anti-Money Laundering Directive (5AMLD) to regulate crypto-related activities, individual member states have some flexibility in implementation. Some countries, like Malta, have embraced cryptocurrencies as a part of their economic strategy, while others have taken a more cautious approach[9].
 
Switzerland
Switzerland has emerged as a global hub for blockchain and cryptocurrency innovation. Known for its favorable regulatory environment, Switzerland has attracted numerous cryptocurrencies and blockchain startups. The Swiss Financial Market Supervisory Authority (FINMA) provides clear guidelines, promoting a balance between fostering innovation and ensuring investor protection.
 
The global landscape of cryptocurrency regulations is complex and dynamic, reflecting the diverse perspectives of nations grappling with the challenges and opportunities presented by decentralized digital currencies. As technology continues to evolve, finding a delicate balance between fostering innovation and addressing regulatory concerns will be crucial for shaping the future of cryptocurrencies on the global stage. Collaborative efforts and international dialogue may pave the way for a more coherent and unified regulatory framework that accommodates the unique characteristics of this rapidly evolving digital asset class.
 
CONCLUSION
The future of cryptocurrency in India can be assessed through the following points:
 
Regulatory Clarity
The regulatory environment plays a pivotal role in shaping the future of cryptocurrencies in India. If the government provides clear and favorable regulations, it could pave the way for increased adoption and integration of cryptocurrencies into the mainstream financial system. Regulatory clarity would also offer a sense of security to investors and businesses operating in the crypto space.
 
Blockchain Technology Integration
Beyond cryptocurrencies, there is a growing recognition of the potential of blockchain technology in India. Various sectors, including finance, supply chain, healthcare, and governance, could benefit from the integration of blockchain. The positive development and adoption of blockchain technology might positively influence the perception of cryptocurrencies.
 
Youthful Population and Digital Trends
India's youthful population, known for its tech-savvy nature, may drive the adoption of cryptocurrencies. As digital transactions become more prevalent, the convenience and borderless nature of cryptocurrencies might align well with the preferences of the younger generation.
 
Financial Inclusion
Cryptocurrencies have the potential to address issues of financial inclusion in India. With a large unbanked and underbanked population, decentralized financial systems built on blockchain could provide a means for financial access and inclusion.
 
Global Trends and Collaborations
Observing global trends and collaborating with other nations on regulatory approaches could influence India's stance on cryptocurrencies. International dialogue and cooperation may lead to a more consistent and globally interoperable regulatory framework.
 
Government Initiatives
Government initiatives, such as the exploration of central bank digital currencies (CBDCs) or government-backed digital currencies, could shape the landscape. The government's stance on its own digital currency and its approach to regulating private cryptocurrencies will be crucial factors.
 
Investor Education
Promoting awareness and education about cryptocurrencies can contribute to a more informed and responsible user base. This, in turn, may alleviate concerns and foster a more positive environment for the growth of the crypto ecosystem.
 
It's important to note that challenges, including security issues, potential misuse, and market volatility, need to be addressed for cryptocurrencies to gain wider acceptance. The future of crypto in India will likely be influenced by a delicate balance between fostering innovation, ensuring consumer protection, and addressing regulatory concerns. Keeping an eye on regulatory developments and how the crypto community, businesses, and the government collaborate will provide insights into the evolving landscape.
 
 
 


[1] Keene, C. (2018) ‘The Intersection of Cryptocurrencu and Intellectual Property Law’, Ideate. klemchuk, 27 February. Available at: https://www.klemchuk.com/ideate/cryptocurrency-and-intellectual-property-law (Accessed: 21 October 2023).
[2] Boerman, B. and Ross, S. (2020) ‘Cryptocurrency and Trademarks: A Bit of a Challenge’, INTA. International Trademark Association, 15 May. Available at: https://www.inta.org/perspectives/features/cryptocurrency-and-trademarks-a-bit-of-a-challenge/ (Accessed: 22 October 2023).
[3] Alibaba Group Holding Limited v. Alibaba Coin Foundation, 1:18-cv-02897, (S.D.N.Y.)
[4] Telegram Messenger, Inc. v. Lantah, LLC, 18-16695, (9th Cir.)
[5]Can Trademark Protection be Extended to Cryptocurrency’ (2021) Kashishipr, 4 August. Available at:   https://www.kashishipr.com/blog/can-trademark-protection-be-extended-to-cryptocurrency/ (Accessed: 15 October 2023).
[6] Compliance Manual for Enterprises, Competition Commission of India, (2017), https://www.cci.gov.in/sites/default/files/manual_compliance/manual_booklet.pdf.
[7] Builders Association of India v. Cement Association of India and Ors., Case No. 29 of 2010.
[8] White, K., Goel, A. and Waliczek, S. (2022) ‘Cryptocurrency Regulation: Where are we now, and where are we heading?’, The Digital Economy. World Economic Forum, 28 March. Available at: https://www.weforum.org/agenda/2022/03/where-is-cryptocurrency-regulation-heading/ (Accessed: 25 October 2023).
[9] Ondato (2022) ‘What is the Cryptocurrency Regulation Status Around the World’, Ondato, 20 July. Available at: https://ondato.com/blog/cryptocurrency-regulation/ (Accessed: 25 October 2023).€

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International Journal for Legal Research and Analysis

  • Abbreviation IJLRA
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