Most geographies in the world are still grappling with the legality around cryptocurrency and clarity on the same is yet to emerge. Just last week, The Securities and Exchange Commission (SEC) in the US has come down heavily on two exchanges — Binance and Coinbase. In such a scenario, caution should be the buzzword.
As far as India is concerned, cryptos, though traded, are neither legal nor illegal. Exchanges are there but without regulation. This is a big cause for concern because investors are the ones who bear the brunt of any dispute. There is no arbitration.
The tax department does not consider the crypto business as an honourable or a fair way of making or losing money.
There is also the ‘dark net’ where illegal things are available for example banned products and drugs in lieu of a cryptocurrency. The use of cryptocurrencies has also facilitated bribe money payment and underhand activities across countries.
As far as India is concerned, cryptos, though traded, are neither legal nor illegal. Exchanges are there but without regulation. This is a big cause for concern because investors are the ones who bear the brunt of any dispute. There is no arbitration.
The tax department does not consider the crypto business as an honourable or a fair way of making or losing money.
There is also the ‘dark net’ where illegal things are available for example banned products and drugs in lieu of a cryptocurrency. The use of cryptocurrencies has also facilitated bribe money payment and underhand activities across countries.
- 6/11/2023
- by Agency News Desk
- GlamSham
New Delhi, June 6 (Ians) A report compiled by the International Energy Agency (Iea), International Renewable Energy Agency (Irena), United Nations Statistics Division (Unsd), World Bank, and World Health Organization (Who) on Sustainable Development Goal (Sdg) was released on Tuesday.
As per the report, the world is not on track to achieve the Sdg 7 targets for energy by 2030.
The report titled ‘The 2023 edition of Tracking Sdg 7: The Energy Progress Report’ warns that current efforts are not enough to achieve the Sdg 7 on time.
“There has been some progress on specific elements of the Sdg 7 agenda for example, the increased rate of using renewables in the power sector but progress is insufficient to reach the targets set forth in the SDGs,” the report read.
The global energy crisis is expected to stimulate the deployment of renewables and improve energy efficiency with several government policies pointing to increasing investment.
However, Irena estimates...
As per the report, the world is not on track to achieve the Sdg 7 targets for energy by 2030.
The report titled ‘The 2023 edition of Tracking Sdg 7: The Energy Progress Report’ warns that current efforts are not enough to achieve the Sdg 7 on time.
“There has been some progress on specific elements of the Sdg 7 agenda for example, the increased rate of using renewables in the power sector but progress is insufficient to reach the targets set forth in the SDGs,” the report read.
The global energy crisis is expected to stimulate the deployment of renewables and improve energy efficiency with several government policies pointing to increasing investment.
However, Irena estimates...
- 6/6/2023
- by Agency News Desk
- GlamSham
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