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Under the SPDI Rules, body corporates which collect, receive, possess, store, deal or handle sensitive personal data of others, in an electronic form, must follow the requirements under these rules, which inter alia include obtaining consent for collecting such data from the providers of information and refraining from retaining the sensitive personal data for longer than required for the purpose.
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Uses blockchain | A RE is required to maintain a record of certain transactions for at least 5 years from the date of each such transaction 15 , along with all necessary related information to permit the reconstruction of individual transactions. The education industry in particular has adapted well to this change. Investment Conditions and Restrictions. SEBI clarified that the AIF Regulations allow AIFs to invest proceeds arising from investments in liquid mutual funds or bank deposits or other liquid assets of higher quality such as treasury bills, commercial papers etc. It allows users to digitally sign their documents using their bitcoin private keys, and timestamp published manuscripts in the blockchain. Since data stored on the blockchain is permanent and tamper-proof, it is ensured that the integrity of academic research is preserved in a secure manner. |
Cryptocurrency mining fund | Forming an association or group that represents all these voices will enable a stronger advocacy effort. It has integrated technology almost seamlessly into its existing frameworks, both for the delivery of course content and ancillary objectives like administrative tasks and solutions for paying fees. No-action letters : The specific department of SEBI, to which the request is made, shall indicate whether or not it shall recommend an action to SEBI should the proposed transaction in securities as described under such request upon being effectuated will result in violation of any applicable laws. Prashanth Irudayaraj Sep Our analysis of this update is provided here. |
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Nishith desai associates bitcoin | The government needs to recognize that crypto is not a zero-sum game and that it offers practical solutions for various sectors, such as implementing welfare programs or rationing systems. The last few years have seen an unprecedented increase in the use of technology across sectors. Maintenance of Records 14 : A RE is required to maintain a record of certain transactions for at least 5 years from the date of each such transaction 15 , along with all necessary related information to permit the reconstruction of individual transactions. It allows users to digitally sign their documents using their bitcoin private keys, and timestamp published manuscripts in the blockchain. These exchanges have been subject to investigations by various government authorities and their assets have been frozen in the course of their trade. It would be interesting to see if any regulator issues specific rules for VASPs or subject them to the existing regulations, especially in the case of the RBI, as it has been a strong advocate of banning crypto-related business, but would now have to adopt a balanced approach of regulation instead of prohibition. The RE is also required to maintain a record of documents evidencing the identity of its clients and beneficial owners as well as account files and business correspondence relating to the clients for a period of five years after the business relationship between a client and the reporting entity has ended. |
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Bitcoin Stories: Suril Desai, Part 2, Nishith Desai \u0026 Associates (Episode 098)Nishith Desai Associates (NDA) is a research based international law firm with offices in Mumbai, Bangalore, Silicon Valley, Singapore, New. Nishith Desai Associates (�NDA or the �Firm�) has significant experience in the crypto-asset and blockchain industry since its beginning in India (circa. ). Nishith Desai Associates (NDA) are pioneers in Bitcoin Practice in India and have advised start-ups, entrepreneurs and investors.