#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
#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
#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
#BTCryptoConclave | On new-age brain-drain, @Rajeev_GoI says, "We have an energy today & a confidence about future that I've never seen before. India's startup ecosystem today is a world-respected entity. It is the best place to be. If anybody is leaving, that may not be smart."
#BTCryptoConclave | "Anything we do is future proof. I wouldn't call it [regulation] slow; we are being very measured. The whole world is puzzled about how to deal with #Crypto. It is not something unique to India," Union Minister @Rajeev_GoI tells @TheSouravM
#BTCryptoConclave | Union Minister Rajeev Chandrasekhar (@Rajeev_GoI) says in a fireside chat with BT Magazine Editor @TheSouravM, "The rupee is not a fully convertible currency. Hence, there are restrictions on how you can use the rupee to buy non-rupee currencies." #CBDC
#BTCryptoConclave | "There is no ban in India on owning #crypto assets. #NFTs and other digital assets are for the future, and the gains will be taxable. It is clear as much as common sense can make it clear," states Union Minister Rajeev Chandrasekhar (@Rajeev_GoI)
#BTCryptoConclave | "It is clear to every observer's mind that we need a new digital law that addresses all harms and opportunities of the internet. Our #ITAct is 22 years old," says Rajeev Chandrasekhar (@Rajeev_GoI), Minister of State for Electronics and Information Technology.
#BTCryptoConclave | "We will be sitting on huge piles of data. A new data governance framework needs to be looked at that will allow startups to prosper and safeguard user interests," says Union Minister Rajeev Chandrasekhar (@Rajeev_GoI)

WATCH the talk: businesstoday.in
#BTCryptoConclave | Union Minister Rajeev Chandrasekhar (@Rajeev_GoI) says, "We will engage with the private sector. The Govt is ready to provide capital and infra framework, and the private players will have to look at the skilling aspect. Skilling is a huge force multiplier."
#BTCryptoConclave | "For me, #CBDC is a natural progression of the digital payments ecosystem in the country, which is currently regulated by the @RBI. I see CBDC as a payments platform," explains Union Minister Rajeev Chandrasekhar (@Rajeev_GoI)

WATCH: businesstoday.in
#BTCryptoConclave | "If there is an asset class that lends itself to too much volatility, and is also being invested in by a large pool of investors, it is the job of the regulator to smoothen out the volatility," Union Minister @Rajeev_GoI tells @TheSouravM
#BTCryptoConclave | "One of the things we've learnt from the Russia-Ukraine War is that the internet can also be a tool of war. That, in my opinion, is extremely disturbing. The global goings-on point to the fact that we need to build more Indian champions," says @Rajeev_GoI
#BTCryptoConclave | Union Minister @Rajeev_GoI says, "The first brand the Govt of India will encourage you to invest in is called the Digital Rupee (#CBDC). If any other crypto brands will be acknowledged or not, that discussion is underway as part of the crypto policy."

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More from @business_today

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
@CoinDCX @rahulkanwal @jayantsinha @priyankac19 @OfPinaki @rajeevgowda #BTCryptoConclave | Govt’s approach towards crypto is quite measurable and its absolutely legal, says @jayantsinha, MP, BJP
@CoinDCX @rahulkanwal @jayantsinha @priyankac19 @OfPinaki @rajeevgowda #BTCryptoConclave | Global picture of Crypto still evolving, says @jayantsinha, MP, BJP

WATCH the livestream: businesstoday.in
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
#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."
#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."
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
Mar 22
#BTCryptoConclave | In a panel with @AabhaBakaya, @ankitw of RARIO, @Ramkumartweet of Guardian Link, @nikhilchinapa of 0xdotTV, @simplykashif of Bitinning and @toshendrasharma of NFTically share their views about the #NFT craze in the world of #crypto, #blockchain | @CoinDCX
@AabhaBakaya @ankitw @Ramkumartweet @nikhilchinapa @simplykashif @toshendrasharma @CoinDCX #BTCryptoConclave | "#NFT makes it easier to claim ownership of digital assets.. That's the reason behind its craze," says Kashif Raza (@simplykashif), Founder, #Bitinning
@AabhaBakaya @ankitw @Ramkumartweet @nikhilchinapa @simplykashif @toshendrasharma @CoinDCX #BTCryptoConclave |#NFTs also help fans connect fans to their favourite sports, says Ankit Wadhwa (@ankitw), Co-founder and CEO, #RARIO
Read 5 tweets

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