Q. 3 What are the lessons offered by the issues faced in the regulation of cryptocurrency for the regulator and the government in India. (10 Marks)

Mentor’s Comments- https://www.livemint.com/v/s/www.livemint.com/opinion/columns/crypto-lessons-make-a-case-for-principles-led-rbi-rules/amp-11638723937908.html?usqp=mq331AQKKAFQArABIIACAw%3D%3D&amp_js_v=0.1 In the intro mention the proposed act for the regulation of cryptocurrencies in India. In the body, mention lessons to remain ahead in technology driven world, regulation of lending apps etc. Conclude by mentioning the need for regulation to avoid harm to the public and avoid systemic risks