CfP: 1st National e-Conference on Regulation of Cryptocurrency in India by NLIU Bhopal [July 24]: Submit by July 10

The National Law Institute University (NLIU) was established by Act No. 41 of the State Legislature of Madhya Pradesh in 1997. NLIU has earned a status of a premier institution of national importance imparting quality legal education, taking up cutting-edge research activities in the areas of law and public policy, and organising workshops, seminars and training programs. In its brief journey of about two decades, NLIU has been able to carve out a niche for itself in academic excellence and prolific research activities. NLIU now stands as one of the most reputed legal institutions in the nation and has been rated consistently as one of the best law universities in the country. https://www.nliu.ac.in/

Rajiv Gandhi National Cyber Law Centre (RGNCLC) is a Centre of Excellence in Cyber Law and Information Technology. The RGNCLC was established in the year 2006 at NLIU, Bhopal, by the Ministry of Human Resource Development (Now Ministry of Education), Government of India. The RGNCLC is the first Centre in the nation to deal with new and critical issues relating to various techno-legal aspects of cyberspace through regular as well as distance learning courses. The RGNCLC is one of the select few Centres/Institution in the nation providing a Master’s Degree in Cyber Law and Information Security. The RGNCLC was shaped and constituted with the objectives to develop professional expertise and skilled human resources in the field of Cyber Law and Information Technology to match with contemporary challenges emerging in the field of Cyberspace & Cybersecurity. The RGNCLC aspire to enable and facilitate legal and technical experts to efficiently regulate and create opportunities to meet economic challenges posed by the rapid technology development through rigorous research activities and publications, which is influencing virtually every area of development and social action in the nation.

Click here for the official page of the Centre.

About the Opportunity

The power to regulate currency in a modern sovereign State is either with the Government or the Central Bank. A private decentralized cryptocurrency is neither issued by the State nor regulated by the State. Therefore, more than 8500 cryptocurrencies globally with a market capitalization of more than USD One Trillion do not have legal tender. However, these cryptocurrencies are being used as money for trade and commerce, even when they do not fulfill the three essential characteristics of money, i.e. (1) a medium of exchange; (2) a store of value; and (3) a unit of account. These cryptocurrencies are widely used for trade and commerce in cyberspace, especially on the deep web and dark web, due to their inherent characteristics of anonymity, low transaction cost, instantaneous transfer, and non-trackability. Therefore, enabling an individual to protect her privacy and autonomy. However, such anonymous cryptocurrencies are also being used in unlawful, illegal, and terrorist activities. Hence, the use of cryptocurrencies for tax evasion, money laundering, and terror financing are the challenges, which still need an answer.

The cryptocurrency revolution has taken the whole world by surprise. The sudden rise of cryptocurrency and lack of a concrete regulatory framework for the decentralized currency has provided delinquents with opportunities to use cryptocurrency for unlawful and illegal activities in the unregulated cyberspace, i.e. deep web and dark web. The countries across the World have opted for a different approach towards cryptocurrency, viz. granting legal tender, treating cryptocurrency as a legal instrument but not at par with official currency, banning of cryptocurrency, and indifferent approach. In 2017, Japan passed a law recognizing Bitcoin as a legal payment method, whereas countries like the USA, UK, Germany, France, Canada, etc. allow not only the use of cryptocurrency but also tax transactions in cryptocurrency. Although these countries consider the cryptocurrency to be legal, there is no clarity w.r.t. whether to regulate the cryptocurrencies as a currency or as a security or as a crypto-asset.In contrast, countries like Algeria, Bolivia, Ecuador, Bangladesh, Nepal, and Macedonia have barred cryptocurrency use. Thus, there is a lot of disparity among the approaches of countries in the World.

In India, cryptocurrency is not banned. The restriction imposed by the Reserve Bank of India through its circular dated 6^th April 2018 was declared to be void on the ground of proportionality by the judgment of the Supreme Court of India. At the same time, there is a draft bill, which is yet to be introduced in the Parliament of India to ban private cryptocurrencies in India. Thus, there is uncertainty w.r.t. the legal status of cryptocurrency in India.

Who is it For?

Academicians, Researchers, Students, Cyber Professionals, Cyber Stakeholders, Cyber Forensic Experts, Advocates, Banking Professional and IT Professionals.

Submission Procedure

Paper Submission Guidelines

The authors are required to identify the broad theme for their proposed research paper to help us in allocating the subject expert for review of their research paper.
The submitted research papers will be evaluated based on relevance to the theme and broad topics of the e-Conference, originality of the research paper, policy significance and engagement with the broader research area of Regulation of Cryptocurrency. The papers may be theoretical, applied, or policy-oriented.
The presented papers will be published in the form of a book with ISBN after the author incorporates the suggestions/changes suggested during the discussion/questions session.
Other than paper presenters, any other research scholar or working professionals, who wish to participate in the seminar, are welcome to register and attend the e-Conference.

Abstract and Full Paper Submission

The abstract for the full academic paper should reach us on or before 10th July 2021.
A minimum of two subject experts will review the abstract, and the selected presenters will be notified by 20th July 2021.
The accepted presenters should send their full papers by 31st October 2021.
Abstract and full papers should be sent to ita2000@nliu.ac.in

Fee Details

Registration Fees: No Registration Fee required.
Registration Link: To register for the conference, click on the link given at the end of this post.
Note: Prior registration is mandatory for paper presenters as well as participants.
All the participants will receive the link to join the e-Conference on 23rd July 2021. The participants are advised to join the e-Conference ten minutes before the inaugural session.