CRYPTOCURRENCIES AND REGULATORY SOLUTIONS
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VERSION 2: #Solutions

How to try and #regulate a #currency basically founded for being beyond #control ? How to #omit the #Challenges #Cryptocurrencies ? Here’s the possible #Solution .

1) Identification of #Applicable #Regulations 🔎
In #India , there is no rules and regulation defining Cryptos and specifically governing the #transaction . It only governs the Cryptos #taxation element which is small part of the #entire #deal . Bill concerning Cryptos is in process.
In #World , framing of a common regulatory #framework is in #progress from Long time.
#Nations 🌐 and #World 🗺 is looking to regulate but proper regulatory framework is not in place for governing #cryptoassets and #cryptocurrencies . In mean time any #consumer distress or cases of #creditors looking to recover from such consumers will go unanswered.

#Consumergrievanceredressal of the App from which Cryptos are bought could be your only best chance to find solution.

2) Geographical Jurisdiction 🌍 🌎 🌏
The #jurisdiction of Cryptos can be determined by the jurisdiction of the #taxation and #residence of the #Sellers or #Buyers depending whether the #causeofaction arose while #buying or #selling .

3) Multiplicity and Complexity of Laws and regulations
Considering the point point of identification of laws, we can observe various laws and regulations are in formulation from Domestic and Global Platforms.
According to me there can be two classifications as below:
i. Individual (Non-Directors and Non-Entrepreneurs), Micro and Small Enterprises, Businesses only limited to One Nation – *#Domestic Jurisdictions
and Laws to Apply* – For this group Expensive Litigations is not feasible

ii. #MNC including Directors, #Business having offices in more than one nation – *#Global Jurisdiction and Laws to Apply* – For this group Expensive Litigations is feasible and accessible