Cryptocurrency Policy Stance of BRICS Countries

Srinivas Jangirala; Deepika Chandra Verma; Janardan Krishna Yadav; Shashi Kant Srivastava; Anandadeep Mandal

doi:10.1007/978-981-97-8591-9_20

Cryptocurrency Policy Stance of BRICS Countries

Srinivas Jangirala^*
, Deepika Chandra Verma
, Janardan Krishna Yadav
, Shashi Kant Srivastava
, Anandadeep Mandal

^*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

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 5 years. This paper also highlights the implications of positive policies on further adaptation of cryptocurrencies and therefore the blockchain technology.

Original language	English
Title of host publication	ICT Systems and Sustainability
Subtitle of host publication	Proceedings of ICT4SD 2024, Volume 2
Editors	Milan Tuba, Shyam Akashe, Amit Joshi
Publisher	Springer
Pages	225-236
Number of pages	12
Edition	1
ISBN (Electronic)	9789819785919
ISBN (Print)	9789819785902
DOIs	https://doi.org/10.1007/978-981-97-8591-9_20
Publication status	Published - 3 May 2025
Event	8th International Conference on ICT for Sustainable Development, ICT4SD 2024 - Goa, India Duration: 8 Aug 2024 → 9 Aug 2024

Publication series

Name	Lecture Notes in Networks and Systems
Publisher	Springer
Volume	1160
ISSN (Print)	2367-3370
ISSN (Electronic)	2367-3389

Conference

Conference	8th International Conference on ICT for Sustainable Development, ICT4SD 2024
Country/Territory	India
City	Goa
Period	8/08/24 → 9/08/24

Bibliographical note

Publisher Copyright:
© The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2025.

Keywords

BRICS countries
Cryptocurrency policy
Policy stance
Comparative case study
Blockchain

ASJC Scopus subject areas

Control and Systems Engineering
Signal Processing
Computer Networks and Communications

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1007/978-981-97-8591-9_20

Cite this

Jangirala, S., Verma, D. C., Yadav, J. K., Srivastava, S. K., & Mandal, A. (2025). Cryptocurrency Policy Stance of BRICS Countries. In M. Tuba, S. Akashe, & A. Joshi (Eds.), ICT Systems and Sustainability: Proceedings of ICT4SD 2024, Volume 2 (1 ed., pp. 225-236). (Lecture Notes in Networks and Systems; Vol. 1160). Springer. https://doi.org/10.1007/978-981-97-8591-9_20

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title = "Cryptocurrency Policy Stance of BRICS Countries",

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 5 years. This paper also highlights the implications of positive policies on further adaptation of cryptocurrencies and therefore the blockchain technology.",

keywords = "BRICS countries, Cryptocurrency policy, Policy stance, Comparative case study, Blockchain",

author = "Srinivas Jangirala and Verma, \{Deepika Chandra\} and Yadav, \{Janardan Krishna\} and Srivastava, \{Shashi Kant\} and Anandadeep Mandal",

note = "Publisher Copyright: {\textcopyright} The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2025.; 8th International Conference on ICT for Sustainable Development, ICT4SD 2024 ; Conference date: 08-08-2024 Through 09-08-2024",

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language = "English",

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Jangirala, S, Verma, DC, Yadav, JK, Srivastava, SK & Mandal, A 2025, Cryptocurrency Policy Stance of BRICS Countries. in M Tuba, S Akashe & A Joshi (eds), ICT Systems and Sustainability: Proceedings of ICT4SD 2024, Volume 2. 1 edn, Lecture Notes in Networks and Systems, vol. 1160, Springer, pp. 225-236, 8th International Conference on ICT for Sustainable Development, ICT4SD 2024, Goa, India, 8/08/24. https://doi.org/10.1007/978-981-97-8591-9_20

Cryptocurrency Policy Stance of BRICS Countries. / Jangirala, Srinivas; Verma, Deepika Chandra; Yadav, Janardan Krishna et al.
ICT Systems and Sustainability: Proceedings of ICT4SD 2024, Volume 2. ed. / Milan Tuba; Shyam Akashe; Amit Joshi. 1. ed. Springer, 2025. p. 225-236 (Lecture Notes in Networks and Systems; Vol. 1160).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

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T1 - Cryptocurrency Policy Stance of BRICS Countries

AU - Jangirala, Srinivas

AU - Verma, Deepika Chandra

AU - Yadav, Janardan Krishna

AU - Srivastava, Shashi Kant

AU - Mandal, Anandadeep

N1 - Publisher Copyright: © The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2025.

PY - 2025/5/3

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AB - 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 5 years. This paper also highlights the implications of positive policies on further adaptation of cryptocurrencies and therefore the blockchain technology.

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ER -

Cryptocurrency Policy Stance of BRICS Countries

Abstract

Publication series

Conference

Bibliographical note

Keywords

ASJC Scopus subject areas

UN SDGs

Access to Document

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Cite this