The Disruption by Digital Currencies: How and Why should they be Regulated

  • Tvisha Zatakia
  • Show Author Details
  • Tvisha Zatakia

    Student at BITS Law School, India

  • img Save PDF


The paper deals with the advent of digital currencies, and the disruption of the global markets due to the increasing innovation through Central Banking Digital Currencies and Stablecoins. Thus, the paper is aimed at tracing the trajectory of the evolution of such digital currencies, especially focussing on the regulatory aspect, in the US and European counterparts. The paper, using doctrinal methodology, examines concepts of accountability, funds transfer and legislations like the Uniform Commercial Code and the EU Directives to enquire into the applicability of the current legislations in the context of digital currencies. The paper concludes by providing critiques and suggestions for the Indian counterpart, emphasising on the aspect of self-regulation and industry standards.




International Journal of Legal Science and Innovation, Volume 6, Issue 2, Page 309 - 312


Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution -NonCommercial 4.0 International (CC BY-NC 4.0) (, which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.


Copyright © IJLSI 2021