BRICS countries’ cryptocurrency policies are evolving, with varying stances, and India’s G-20 presidency may influence global crypto policy trends.
Authors
Srinivas Jangirala, Associate Professor, Jindal Global Business School, O. P. Jindal Global University, Haryana, Sonipat, India
Deepika Chandra Verma, Indian Institute of Management Kolkata, West Bengal, Kolkata, India
Janardan Krishna Yadav, Associate Professor, Jindal Global Business School, O. P. Jindal Global University, Haryana, Sonipat, India
Shashi Kant Srivastava, Indian Institute of Management-Sirmaur, Himachal Pradesh, Paonta Sahib, India
Anandadeep Mandal, Birmingham Business School, University of Birmingham, Birmingham, United Kingdom
Summary
Cryptocurrencies have been in the news of late because of evolving regulations to facilitate or contain their trade. Therefore, one observes an extreme range of policy stances—from highly positive to negative. This paper aims to understand and compares the policy stance of BRICS countries towards cryptocurrency. We find that the policy stance of BRICS countries is still evolving and except for Brazil, no clear picture of any positive changes in adapting crypto for the other four countries emerges. This may have a domino like effect on the crypto policies of the G-20 nations with India heading it for the next 5 years. This paper also highlights the implications of positive policies on further adaptation of cryptocurrencies and therefore the blockchain technology.
Published in: Lecture Notes in Networks and Systems
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