Thread by @business_today

"We are all for blockchain; it is a part of the process of the evolution of technology," says Ex-IT Minister Ravi Shankar Prasad (@rsprasad) in conversation with BT TV's @szarabi at the opening session of #BTCryptoConclave | @CoinDCX

#BTCryptoConclave | "Blockchain and #crypto are in the same state as the internet was in the 1990s. #Blockchain will take off on a big national highway. All the infra is in place," says Ravi Shankar Prasad (@rsprasad)

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#BTCryptoConclave | Blockchain architecture will get full encouragement from the Govt of India, affirms
Ravi Shankar Prasad (@rsprasad)

#BTCryptoConclave | Ravi Shankar Prasad (@rsprasad) says, "Currency always has a sovereign imprint. That makes it reliable, tradeable and trustworthy. #Crypto is a digital currency. Kahan se aaya, kisne kiya, iska ecosystem nahi bana..."

#BTCryptoConclave | Ravi Shankar Prasad (@rsprasad) says, "The Govt. symbol of approval is a pre-requisite of any currency. The second thing - there is inherent anonymity in #crypto... it has implications for money laundering. Can we ignore the cyber challenges we face today?"

#BTCryptoConclave | Former IT Minister @rsprasad tells @szarabi, "I would urge everyone to not confuse #blockchain with crypto. Let the technological sanctity be maintained. #Crypto has issues and that is the subject of debate and stakeholder consultation."

#BTCryptoConclave | Former IT Minister Ravi Shankar Prasad (@rsprasad) says, "This ground needs to be walked with a lot of caution. The final decision on #crypto should be taken depending on if it is good or bad for the country."

#BTCryptoConclave | "Has any major country called #crypto legal tender yet? Don't tell me about small countries," says Ravi Shankar Prasad (@rsprasad) on the Govt's views on crypto.

#BTCryptoConclave | Ex-IT and Law Minister Ravi Shankar Prasad (@rsprasad) tells @szarabi, "There has to be a proper convergence of the best minds of the world on what should be a good regulation (for #crypto)."

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