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Protection of Nonfungible Tokens in Sri Lanka
Introduction Sri Lanka and Nepal have seen a substantial increase in the number of cyber-security threats, while Bangladesh is leading the world in terms of the percentage of mobile malware infections. In order to address these risks, Sri Lanka and Bangladesh both approved the Digital Security Act in 2018 and the Framework for Proposed Data … Continue reading Protection of Nonfungible Tokens in Sri Lanka
Read more »Protection of Non-Fungible Tokens in the United States
Introduction Since the advent of the Internet more than 20 years ago, society has benefited from an online network centred on communication, data, and information. A number of independent virtual worlds have also emerged, mostly on social media and in video games like Fortnite and TikTok. The metaverse promises interconnected virtual worlds that can be … Continue reading Protection of Non-Fungible Tokens in the United States
Read more »Taxing of Digital Assets As Per Budget 2022
INTRODUCTION The creator of Bitcoin, the first cryptocurrency to enter the market in 2009, went under the nickname Satoshi Nakamoto. Following that, a number of cryptocurrencies were introduced, with Bitcoin Cash, Ripple (XRP), Litecoin, and other well-known coins among the most widely used ones. As of January 2022, there are reportedly more than 8,000 cryptocurrencies. … Continue reading Taxing of Digital Assets As Per Budget 2022
Read more »The Utility of Metaverse Trademarks
When the pandemic forced billions of people indoors, it gave an impetus to those envisioning a metaverse. As the metaverse has grown in popularity, corporations have commenced filing fresh trademark applications for the virtual counterparts of products they already provide in the real world. This article discusses some recent instances of this observable trend, and … Continue reading The Utility of Metaverse Trademarks
Read more »Stand Of Indian Government On Protection Ipr For Virtual Digital Assets
The phrase “virtual digital assets” is used in the Finance Bill to refer to both cryptocurrencies and NFTs. The criteria for identifying bitcoins or similar apps as virtual digital assets were purposefully kept broad. Aside from the distinctions in their characteristics, cryptocurrencies serve as payment systems in which units are transferable and have some value. … Continue reading Stand Of Indian Government On Protection Ipr For Virtual Digital Assets
Read more »The Development of NFTs through the Legal Perspective
Due to its growing price and increasing presence in creative works such as art, tweets, songs, memes, photographs, other digital media, or a virtual representation of, Non-Fungible Tokens (hence, NFTs) have become a popular issue over the last couple of months. NFTs are a cryptographically created receipt of ownership of a certain thing or entity. … Continue reading The Development of NFTs through the Legal Perspective
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