9th International Conference on ICT for Sustainable Development

Authors - Srinivas Jangirala, Deepika Chandra Verma, Janardan Krishna Yadav, Shashi Kant Srivastava, Anandadeep Mandal
Abstract - 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 five years. This paper also highlights the implications of positive policies on further adaptation of cryptocurrencies and therefore the Blockchain technology.