Libra: Concerns over Facebook’s cryptocurrency

Facebook’s plan to divulge into the financial services through Libra is set to launch in 2020. When the concept note of Libra was published in June 2019, it caught the negative attention of the regulators and the central banks worldwide. You can read our introductory article to Libra here. Facebook’s cryptocurrency was introduced by the additional …

IS AAROGYA SETU THE NEXT AADHAAR PROJECT?

   Background While announcing the extension of lockdown till 3rd of May 2020, Prime Minister Narendra Modi had urged everyone to download ‘Aarogya Setu’ ("the app"), an application developed by the Government of India as a measure to combat the severe respiratory syndrome COVID-19. The app essentially requires access to the location and bluetooth of …

BLOCKCHAIN AND DATA PROTECTION BILL

Right to privacy enjoys the status of fundamental rights in India in the light of KS Puttaswamy v. Union of India judgment. In furtherance of the same, there has been ample discussion on enforcing a data protection law in India akin to General Data Protection Regulation (“GDPR”). A report was submitted by the committee of …

BLOCKCHAIN: A TECHNOLOGY THAT CAN SAVE THE AMAZON (FOREST)

The Supreme Court of Colombia last year declared that the Amazon forest has the same rights as a human being. however, this did not seem to have protected it. Amidst the differences between the decision of the judiciary and the politics of government, the Amazon was getting destroyed with little or no coverage of the …

LIBRA: THE CORPORATOCRACY MOVEMENT

While the United States has not made cryptocurrency a legal tender yet and  is still not certain on the treatment or regulations, yet another cryptocurrency is getting launched right under their noses. Libra is the new buzz in the fintech market after bitcoins went mainstream. The corporate giant Facebook’s initiative in collaboration with 27 other …