Mentor’s comment-
- https://indianexpress.com/
article/opinion/columns/india- legislation-digital-currency- 7689252/ - In the intro, mention how changes in technology have posed challenges for governments and lawmakers and courts.
- In the body, mention the practices adopted by countries such as Singapore, Switzerland and the US such as use of KYC, anti-money laundering and adherence to CFT etc.
- Conclude by mentioning that for India the need of the times is thoughtful legislation and rigorous regulation of cryptocurrencies and crypto-assets that are already here and being used.
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Muskan
Intro is fine, withdrawal of crypto bill in winter session can also be mentioned.
Next part is fine, can be a bit more comprehensive, example of bodies like Swiss Financial Services Authority, Internal Revenue Services of US for taxation purposes can be mentioned.
This part should form the main body of the answer.
Way forward for India is good, official digital currency as well as some current events in Indian context can be linked.
Conclusion is fine.
Keep writing. 🙂
Razorpay:I8GfoK9Ze5ifgl
Nandhini
Good attempt.
Introduction is good.
Legislative models part is very well written.
Try to mention a brief way forward for India, incorporating some good points from the other models. You can also integrate current affairs, such as talk of official digital currency in that part.
Conclusion is good.
Keep practicing. 🙂