CRYPTO, CRYPTO, CRYPTO… the craze is all around us. This craze is matched only by the obscurity and worry that accompanies this new ‘asset’. So, when Rajeev Chandrasekhar, Minister of State for Electronics and Information Technology, calmly announced that everyone is free to invest in crypto assets through an RBI mechanism, the sigh of relief was palpable. “The Liberalised Remittance Scheme (LRS) is the easiest way for an individual to invest in any asset he or she wants. And there is no disqualification from anybody owning a crypto asset as part of his portfolio of assets.”
This was probably the high point of the Business Today Crypto Conclave, which witnessed a series of stimulating debates around crypto assets on a pleasant March day at The Oberoi in New Delhi. The event was presented by CoinDCX.
BJP MP Ravi Shankar Prasad, a former Union minister of Law, Communications and IT, began the day by emphasising that crypto and blockchain are not the same: “We have never been against blockchain; in fact we encouraged blockchain technology, I think it will be and should be encouraged.” On crypto assets, he said the government is still consulting various stakeholders, and momentum would pick up very soon.
Esta historia es de la edición April 17, 2022 de Business Today.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición April 17, 2022 de Business Today.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
"Inaction is worse than mistakes"
What was the problem you were grappling with?
TEEING OFF WITH TITANS
BUSINESS TODAY GOLF RESUMES ITS STORIED JOURNEY WITH THE 2024-25 SEASON OPENER IN DELHI-NCR. THERE ARE SIX MORE CITIES TO COME
AI FOOT FORWARD
THE WHO'S WHO OF THE AI WORLD GATHERED AT THE TAJ MAHAL PALACE IN MUMBAI TO DELIBERATE THE TRANSFORMATIVE IMPACT OF AI ON INNOVATION, INDUSTRIES, AND EVERYDAY LIFE.
Decolonising the Walls
ART START-UP MAAZI MERCHANT IS ON A MISSION TO BRING INDIA'S FORGOTTEN ART BACK HOME
"I'm bringing Kotak under one narrative, one strategy, one umbrella”
Ashok Vaswani is a global banker who spent most of his career overseas at institutions like Citi Group and Barclays, among others.
CHOOSING THE CHAMPIONS
The insights and methodology behind the BT-KPMG India's Best Banks and NBFCs Survey 2023-24.
'INDIA IS AT AN EXTREMELY SWEET SPOT'
The jury members of the BT-KPMG Survey of India's Best Banks and NBFCs discuss developments in the banking sector and more
FROM CRISIS TO TRIUMPH
Dinesh Kumar Khara stewarded SBI through multiple challenges during his tenure, while ensuring that profits tripled, productivity soared, and the bank consolidated its global standing
AT A CROSSROADS
BANKS ARE FACING CHALLENGES ON BOTH SIDES OF THE BALANCE SHEET-ASSETS AS WELL AS LIABILITIES-WHICH ARE PUTTING PRESSURE ON MARGINS.
EXPANSIVE VISION
Bajaj Finance, an outlier in terms of digitisation, faces stiff competition. But it continues to expand its reach
