Jaideep Reddy
@jrtechlaw
Followers
2K
Following
168
Media
11
Statuses
180
Technology lawyer
Bengaluru, India
Joined September 2015
RT @HashedEM: 📣 India Web3 Landscape Report 2024 is Live!. We are excited to unveil the India Web3 Landscape Report 2024 by Hashed Emergent….
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RT @HashedEM: We’re back with the 14th session of Text to Code! .This time, we’re unveiling the 3rd edition of the India Web3 Landscape Rep….
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RT @Unocoin: 5 years ago, on March 4, 2020, the Supreme Court lifted the RBI’s ban on banks supporting crypto transactions, paving the way….
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RT @HashedEM: @jrtechlaw (Partner, @TrilegalLaw), spoke about the most important points for Indian founders looking to do token launches -….
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RT @HashedEM: For the 12th session of #TextToCode, we have @asrinivasan_ (Elder Council Member at @KGeN_IO), @jrtechlaw (Partner, @Trile….
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RT @VishalAchanta: Catch me huffing hard on the copium as we discuss the legal landscape for web3 :P letsgooooo @BWA_Ind @jrtechlaw.
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This was fun!.
We’d like to thank @J0e360 , @jrtechlaw , @arjun_khazanchi and Hemant for dropping some serious wisdom - they were all so good that we can’t decide who won 😛
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RT @TheDevanshMehta: Nice @ton_blockchain meetup in blr hosted by @Xrajath . @santoshpanda is bullish on de-fi & NFTs for storing consumer….
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RT @CoinDCX: Join the #Web3 policies expert session on #CoinDCXCharcha with.@jrtechlaw Counsel, Trilegal.@jayjitbiswas Founder, Elite Web3….
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Looking forward to this event in Delhi!.
Next in the #G20SummitSeries 2023, '#Crypto Digitisation: The Next Chapter' with @jrtechlaw @arnabthakur & @srikmisra.REGISTER NOW!
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Thank you :).
4/ The victory was a result of the dedication of several individuals, including Advocate Jaideep Reddy of @jrtechlaw, Unocoin's co-founder @harishbv, Standing Counsel Ashim Sood, and Danish who covered the news in real-time. 🌟🙏.
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Looking forward to this chat. Journey from tech start-up to regulated entity, with a pit stop at ‘reporting entity’ :).
Coming up 🚨. What do India’s money laundering laws mean for the crypto industry?. Join us for a Twitter Space discussion with @jrtechlaw @gewgawrav @DM9071199816 @tanvi_ratna who will delve into the implications of these new regulations. Set a reminder
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An AML regime is the first step towards effective regulation of intermediaries. It would have been ideal though to have an explicit transitory provision so that covered entities had more time and certainly while getting their compliance processes in place. 4/4.
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Also, such businesses now have the legal status to report suspicious transactions to the Financial Intelligence Unit (FIU). Happy to say we had made this recommendation as far back as Dec 2018, and the notification has come exactly under the suggested provision. 3/4.
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such businesses need to follow similar reporting standards and KYC/AML norms to other reporting entities like banks, securities intermediaries, payment system operators, etc. In other words, KYC norms are no longer a best practice but a legal obligation. 2/4.
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Crypto & NFT businesses are now 'reporting entities' under India’s Prevention of Money-Laundering Act (PMLA). Contrary to some Whatsapp chatter, this does not mean that they are charged under the PMLA for any offence! The implication is that . 1/4.
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RT @LawTech_NLSIU: We are hosting an online panel discussion on the draft Data Protection Bill in collaboration with @ijltnls. The distingu….
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