Updated: Aug 5, 2021
Siddharth Dalmia, the Startup Sherpa authored a book titled "BLOCKCHAIN & CRYPTOCURRENCIES LAW IN INDIA- By Siddharth dalmia". He is making this book available for free in this blog post (see the bottom of the page). In case of any query, reach out to the undersigned:
Siddharth Dalmia, the Startup Sherpa
Bitcoin, the revolutionary and the most expensive cryptocurrency in the world, is a product of Blockchain technology, which, in turn, is based on the distributed ledger technology.
While these terms are making headlines, people are confused and do not have the proper understanding of the terms. Lawyers are not immune to this buzz either.
India is eyeing the recent developments and applications of Blockchain across the world. It is irrefutable that the Blockchain is getting a lot of attention from the regulatory authorities and central banks across the globe. After the adoption of Blockchain technology in Bitcoin, it has grown from the cryptocurrency adoption to its initial usage and found broader applications in some fields. Because of its breakneck pace of growth, many people are referring to Blockchain as the new internet.
Blockchain will play a crucial role in data and identity management. The European Union (the, “EU”) data strategy aims to make the EU a leader in a data-driven society and create a single market for data to allow it to flow freely within the EU and across sectors for the benefit of businesses, researchers, and public administrations. The tools for consent management and personal information management would be implemented through decentralized and Blockchain technology solutions.  India is also coming up with its own personal and non-personal data management legislation. The Blockchain might play a crucial role in fulfilling several mandates in the same.
Blockchain holds the potential for a great future in the times to come, and prominent names would venture into Blockchain technology and its applications. The industry would be transformed radically, and big technological giants like Walmart, IBM, Facebook, Infosys, Google are exploring their potential for implementing and leveraging the technology in their mainstream business. While developing the technology and coming up with their application, they are paving the way for the technology, which has the potential to be as revolutionary as the internet.
While writing this book, the practical approach has been adopted from a layman’s perspective. In writing this book, a unique approach has been adopted which is based on my interaction with my clients while advising them on their various queries. Blockchain and cryptocurrencies being a totally new concept in the legal arena involving technicalities as well as law, the whole endeavor has been to keep this book as simple as possible.
I hope, this book will be handy in understanding various concepts, technicalities, and legalities relating to blockchain and cryptocurrencies. While Bitcoins and Cryptocurrencies may wither away, Blockchain technology is here to stay.
Thes book has the following sections:
1. Chapter I: The SHA-256 HASH
2. Chapter II: Block
3. Chapter III: Blockchain
4. Chapter IV: Distributed Blockchain
5. Chapter V: Tokens
6. Chapter VI: Coinbase
7. Chapter VII: How Does Bitcoin Work?
8. Chapter VIII: Advantages of Blockchain
9. Chapter IX: Understanding the Technical Jargon
10. Chapter X : ICOs
11. Chapter XI: Whitepapers
12. Chapter XII: Cryptoassets
13. Chapter XIII: Smart Contracts
14. Chapter XIV: Cryptocurrencies as Legal Tender in India
15. Chapter XV: Legality of Cryptocurrencies Exchanges in India
16. Chapter XVI: Applicability of Direct and Indirect Taxes on Cryptocurrencies
17. Chapter XVII: Applicability of Securities and Investment Laws on Cryptocurrencies
18. Chapter XVIII: Applicability of Commodities Laws on Cryptocurrencies
19. Chapter XIX: Applicability of FEMA on Cryptocurrencies
20. Chapter XX: Cross Border Transactions with Cryptocurrencies
21. Chapter XXI: FDI and Cryptocurrencies
22. Chapter XXII: Applicability of Payments and Settlements System
23. Chapter XXIII: Applicability of Anti Money Laundering Laws on Crypto Exchanges
24. Chapter XXIV: Applicability of KYC Norms on Crypto Exchanges
25. Chapter XXV: Dispute Resolution – Jurisdiction
26. Chapter XXVI: Regtech
27. Chapter XXVII: Identity
28. Chapter XXVIII: Healthcare
29. Chapter XXIX: KYC
30. Chapter XXX: Cross-Border Payments
31. Chapter XXXI: Dispute Resolution
32. Chapter XXXII: IPR
33. Chapter XXXIII: Land Registries Titles
34. Chapter XXXIV: Inheritance
Click the button below to download the book.
I. Judgment by the Hon’ble Supreme Court of India in Writ Petition (Civil) No.528 of 2018 titled Internet and Mobile Association of India vs. Reserve Bank of India
 https://ec.europa.eu/info/strategy/priorities-2019-2024/europe-fit-digital-age/european-data-strategy_en#:~:text=The%20European%20data%20strategy%20aims,businesses%2C%20researchers%20and%20public%20administrations.  The European Data Strategy Consultation paper