Making Crypto great again in India
A Roundtable Discussion on charging up the Indian cryptoverse
#IndiaWantsCrypto has now become #IndiaGetsCrypto. The RBI Vs Crypto case had dragged on for more than 2 years and had set the crypto industry in India back by as many years. The losses that these two years saw was unprecedented, however, there are few that continued to pursue this field, innovated, persevered and came out with flying colors.
However, Crypto in India was not the same as it was a couple of years back. The interest among many waned, and what we called — tourists — had ultimately left. Having said that, the zeal among those who remain is still great, but the questions remain:
- What does the newfound status of banking with crypto mean to us?
- What still remains to be achieved?
- Is the community ready for an evolution in this space?
- Has the #lockdown created a new challenge?
- How can we prepare for a threat we have yet not perceived?
- Are we ready for the anti-crypto authorities if they strike back again?
Roundtable #6 brings together the giants of crypto in India to a freewheeling conversation to discuss how we can make Crypto Great in India again!
The Roundtable Knights
This Chainbusters Roundtable Discussion Series №6 brings together the giants of #CryptoIndia to a freewheeling conversation to discuss how we can make Crypto Great in India again!
- Sumit Gupta, Co-founder & CEO, Coin DCX
- Nischal Shetty, Founder, WazirX & Crowdfire
- Sathvik Vishwanath, Co-founder & CEO, Unocoin
- Syed Shoeb, Product & Growth Manager, Nuo Network
- Ajeet Khurana, Former CEO, Zebpay
- Gaurav Dahake, CEO, BitBns
Salient points of the Roundtable discussion
Hon’ble Supreme Court Ruling
- The ruling came as a relief to the #community.
- International Projects are now looking at India for #collaborations
- Perception is changing & is more positive towards #crypto
- Traditional finance biz have started showing interest in crypto-based solutions
- Working capital is no longer an issue
The Challenges which remain
- Legal status has still not changed
- Scamsters now see an impetus to do illegal biz under the garb of legality
- The industry needs to become better in standing together
- Education penetration of the masses still remains an issue
- Regulatory systems are not happy with crypto being touted as a payment system
- There is still a possibility of an anti-crypto lobby at work within the government
- A single fraud case will spoil all the good work done till now
What are the Solutions at hand?
- The narrative of Fiat is bad has to go — both systems will coexist.
- Let crypto just be a speculative instrument and not a payment system.
- Present crypto as an alternative to other instruments
- A Crypto specific body is necessary apart from IAMAI
- An industry body should take care of #cryptoeducation & awareness
Roundtable #6 Details
We conducted this #Roundtable #Discussion: 11th April 2020, Wednesday on our Airmeet community meetup page, between 4:30 PM to 5:30 PM. We received an overwhelming response and had 100+ registrations and attendance at this event from all over the country as well as from overseas.
Also Read: Is it the new age of the gig-developer?
Stay Connected
Watch our videos on YouTube:
https://www.youtube.com/channel/UCcgK-DYlNlQXUqp0rHp084Q
