"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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More from @business_today

Mar 22
#BTCryptoConclave | Rajeev Chandrasekhar (@Rajeev_GoI), Minister of State for Electronics and Information Technology, tells @TheSouravM, "Technology and innovation have often led the way, and laws and policies have followed... as seen all over the world." | @CoinDCX Image
#BTCryptoConclave | "We want to make sure that the harmful aspects of the internet are regulated in a way that the positive momentum of technology is not retarded," says Union Minister Rajeev Chandrasekhar (@Rajeev_GoI)

WATCH the livestream: businesstoday.in Image
#BTCryptoConclave | "The whole new world around #blockchain is a very new cup of tea. I don't think this is going to be a jump sans any safety nets. At the Govt, it is our job to make sure that the leap is safe, trusted, and accountable," says Union Minister @Rajeev_GoI Image
Read 14 tweets
Mar 22
#BTCryptoConclave | @CoinDCX | In a panel with @rahulkanwal, BJP MP @jayantsinha, Shiv Sena MP @priyankac19, BJD MP @OfPinaki and former Congress MP @rajeevgowda share their thoughts on the right path for the #Cryptos in India; #BanOrRegulate Image
@CoinDCX @rahulkanwal @jayantsinha @priyankac19 @OfPinaki @rajeevgowda #BTCryptoConclave | Govt’s approach towards crypto is quite measurable and its absolutely legal, says @jayantsinha, MP, BJP Image
@CoinDCX @rahulkanwal @jayantsinha @priyankac19 @OfPinaki @rajeevgowda #BTCryptoConclave | Global picture of Crypto still evolving, says @jayantsinha, MP, BJP

WATCH the livestream: businesstoday.in Image
Read 14 tweets
Mar 22
#BTCryptoConclave | BFSI veteran Rajnish Kumar (@rkumar1958) tells @szarabi, "Crypto is an animal which everyone is trying to understand. All issues around its misuse have to be factored in. In such a world full of uncertainty, we are trying to define a new order." @CoinDCX Image
#BTCryptoConclave | Cyril Shroff, Managing Partner, Cyril Amarchand Mangaldas tells @szarabi , "If we leave #crypto unregulated, in hindsight people might ask us why we did that. We need to increase our awareness on it, and the Biden [crypto] order is a great step." Image
#BTCryptoConclave | NS Nappinai (@NSNappinai), Advocate, SC, says, "When you talk about the 'currency' in cryptocurrency, it became misleading. Now we say simplistically that #cryptocurrency can never be at par w/ fiat currency. Today the narrative starts with national security." Image
Read 10 tweets
Mar 22
#BTCryptoConclave | In another panel with@AabhaBakaya, @jagdishmitra of Tech Mahindra, @rajnehru33 of Shri Vishwakarma Skill Development University, @RajanNS and @AjeetK speak about the skills necessary for the $Blockchain world | @CoinDCX
@jagdishmitra @rajnehru33 @RajanNS @AjeetK @CoinDCX #BTCryptoConclave | “There are a lot of non tech jobs in the #Blockchain industry, unlike the IT services revolution,” says @AjeetK, Crypto Advisor
@jagdishmitra @rajnehru33 @RajanNS @AjeetK @CoinDCX #BTCryptoConclave | “What brand used to be for social industry, Community is for #Blockchain industry,”, says @AjeetK, Crypto Advisor
Read 10 tweets
Mar 22
#BTCryptoConclave | @CoinDCX Co-founders Sumit Gupta (@smtgpt) & Neeraj Khandelwal (@nrjkhandelwal) join @TheSouravM on a fireside chat. Sumit says, "There was a lot of confusion with respect to regulations. However, we decided to take the plunge."
#BTCryptoConclave | CoinDCX Co-founder Sumit Gupta (@smtgpt) says, "Any technology comes with its set of apprehensions. Any country which has shunned new tech has never yielded positive returns. It is important to understand it and adopt it."
#BTCryptoConclave | "The internet is such a powerful economic driver today. Now, #crypto and #Blockchain are driving the internet towards further decentralisation," says Neeraj Khandelwal (@nrjkhandelwal), Co-founder, @CoinDCX
Read 14 tweets
Mar 22
#BTCryptoConclave | Kunal Nandwani (@kunalnandwani), Co-founder, uTrade Solutions says that #Blockchain and #crypto has changed the way we look at the world today. | @CoinDCX

WATCH the livestream > businesstoday.in
#BTCryptoConclave | Deepak Bagla (@DeepakBagla_), MD & CEO, Invest India says application of blockchain is much easier. WATCH the livestream > businesstoday.in
#BTCryptoConclave | R. Vivekanand, Global Head, BFSI Platforms and Products, Tata Consultancy Services says we have to look at blockchain technology as a game-changing technology.

WATCH the livestream > businesstoday.in
Read 7 tweets

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