Abstract

Crypto currency has emerged as a disruptive force in the realm of e-commerce transactions, offering novel solutions and posing legal challenges simultaneously. This paper delves into the legal landscape surrounding crypto currency in India and globally, highlighting the intricate balance between regulatory frameworks and technological innovation. In India, the legal status of crypto currency remains ambiguous, with regulatory authorities adopting a cautious approach. This uncertainty presents challenges for businesses looking to integrate crypto currencies into their e-commerce platforms, ranging from taxation issues to compliance with anti-money laundering (AML) regulations. Despite these challenges, crypto currencies also present significant opportunities. They offer faster and cheaper cross-border transactions, enhanced security through blockchain technology, and access to a global customer base. Moreover, the rise of decentralized finance (DeFi) platforms provides new avenues for financial inclusion and innovation in e-commerce ecosystems. Internationally, jurisdictions vary widely in their approach to crypto currency regulation, ranging from strict bans to comprehensive frameworks. This diversity underscores the need for harmonization and cooperation on a global scale to unlock the full potential of crypto currencies in e-commerce. Regulatory clarity, technological innovation, and international collaboration are essential pillars for harnessing the transformative power of crypto currencies in the digital economy.