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Metaverse land: How risky is real estate business in the crypto universe 

Buying land on the metaverse is catching up as a trend. How can you buy and what are the risks? 

Now buy a TAG Heuer, with crypto

The Swiss luxury watch brand has partnered with BitPay to enable cryptocurrency payments online. 

Spotify next stop for NFTs 

The popular music streaming app is experimenting with Non-Fungible tokens and is also surveying their popularity among the app users.

Crypto markets recover; Bitcoin, Ethereum both see uptrend

Global market cap is up by 3.55% and is at $1.28 trillion; regulators in action after Terra Luna crash.

Russia may legalise crypto soon, hints minister

Media reports claim, the Industry minister of Russia has hinted that legalising cryptocurrencies in Russia is just a matter of time

Why is #BurnLuna trending? How will it help the Terra ecosystem? 

After Do Kwon proposed the idea of Hard fork of the Terra network, many crypto enthusiasts on Twitter are calling for Burning the token instead. 

Business Today Crypto Conclave

Are virtual assets currencies or assets? Given that most countries across the world do not accept these assets as legal tender, are they still any threat to the nations and their sovereign currencies? Or are there genuine use-cases for VDAs as an asset class? A use-case in which, you, the investor, can put in money in the hope of higher returns than other asset classes such as real estate or gold can proffer?

There are no easy answers to these questions. While on the face of it, Digital Assets are nothing but a new, blockchain tech-powered asset class for the modern investor, there are growing instances of financial and non-financial use-cases like Decentralised Finance, NFTs and ‘Play to Earn’ gaming models that are increasingly being powered by digital assets worldwide. Are these use-cases driving millions of people to pour billions of dollars into cryptocurrencies or is it just in the hope of very high returns? Are investors aware of the inherent risks with crypto investments, and yet continue to invest or are they taking smart bets and hedging their investments? Eitherway, the risks are real, and can only be addressed with real solutions. Solutions that will require, not just regulators and policy makers, but thought leaders, entrepreneurs, developers from across the globe to come together and collaborate cohesively.
As governments across the world grapple with this new technological wonder that has sprung its head and startled them. Some see huge opportunities, some feel threatened, some remain skeptical, but all remain cautious. There are some positive developments in terms of governments recognising digital assets in different ways, for instance, this year itself US President Joe Biden gave an executive order along with broad principles to regulate crypto, Singapore issued its first set of licenses to crypto companies, and the UK and EU have come out with detailed regulatory proposals.
Still, there are multiple questions around this subject. Should cryptocurrencies be banned? Should they be regulated? How should they be regulated and by which regulator? How should they be taxed? With the announcement of a CBDC, will India need other digital assets?
Like other countries, India, too, has been making efforts to come to terms with how it wants to live with, or without, this new ‘technology’. Some direction came in this year’s Union Budget, where Finance Minister Nirmala Sitharaman imposed a tax regime on cryptocurrencies.
But does taxation necessarily translate to recognition? Or is it merely an acceptance by the government that this is income in the hands of people that ought to be taxed? At this point, it is the latter that seems more probable. While there are several indications from the government of a calibrated and balanced approach to this phenomenon, what surprises will The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 bring when it hits the parliament floors?
In the backdrop of this complexity, Business Today presents the Crypto Conclave, powered by CoinDCX. The Conclave will deliberate on multiple issues surrounding cryptocurrencies, including taxation, regulation, the NFT craze, the underlying blockchain technology and its benefits, the skilling challenge, and much more.

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Business Today Crypto Conclave Programme

Programme
Programme Schedule (Tuesday, 22th March 2022)
12:30 - 13:30 PM
Lunch
 
13:30 - 14:00 PM
Blockchain and Government: The Possibilities
 
Ravi Shankar Prasad MP, BJP and Former Minister of Law, Communications and IT
14:00 - 14:30 PM
Crypto Assets and Global Finance: The Macroeconomic View
 
Dr. Krishnamurthy Subramanian Former Chief Economic Advisor, GoI
14:30 - 15:00 PM
Of Creativity & Crypto: The NFT Craze!
 
Ankit Wadhwa Co-founder and CEO, RARIO
Ramkumar Subramaniam Co-founder & CEO, Guardian Link
Toshendra Sharma Founder & CEO, NFTICALLY
Kashif Raza Founder, Bitinning
15:00 - 15:30 PM
Blockchain & Crypto: The Fintech Revolution
 
Kunal Nandwani Co-founder, uTrade Solutions
Sanjay Mehta Founder & Partner, 100X.VC
Deepak Bagla MD & CEO, Invest India
15:30 - 16:15 PM
Fireside Chat: Cryptos: Asset or Liability?
 
Sumit Gupta CEO and Co-Founder, CoinDCX
Neeraj Khandelwal Co-Founder,CoinDCX
16:15 - 16:45 PM
Skilling for the Blockchain World: Key Enablers
 
Jagdish Mitra Chief Growth & Strategy Officer, Tech Mahindra
Prof. Manindra Agarwal Dy Director, IIT Kanpur
Dr. NS Rajan Former CEO, IDFC Foundation, ex Group CHRO, Tata Sons & Former Global Partner, EY
Rajkumar Nehru Vice Chancellor of Shri Vishwakarma Skill University, Haryana and Former HR Head, Schneider India
AjeetKhurana Crypto Advisor (virtual)
16:45 - 17:15 PM
HIGH TEA
 
17:15 - 17:45 PM
The 3 C’s of Crypto Regulation: Comprehensive, Coordinated, Consistent
 
Dr. Subhash Chandra Garg Former Finance Secretary
Rajnish Kumar Chairman, BharatPe and Former Chairman, SBI
Cyril Shroff Managing Partner, Cyril AmarchandMangaldas(virtual)
Ms. NS Nappinai Advocate, Supreme Court & Founder, Cyber Saathi
17:45 - 18:30 PM
Taxing Cryptos: Need for Clarity
 
L Badri Narayanan Executive Partner, Laxmikumaran & Sridharan
Meyyappan Nagappan Leader - Digital Tax,Nishith Desai Associates
Ms. SelvaOzelli International Tax Attorney (virtual)
Dinesh Kanabar CEO, Dhruva Advisors(virtual)
Mukesh Butani Founder and Managing Partner, BMR Legal(virtual)
18:30 - 19:15 PM
Ban or Regulate? The Right Path
 
Jayant Sinha MP, BJP
Rajeev Gowda Former MP, Congress
Priyanka Chaturvedi MP, Shiv Sena
Pinaki Misra MP, BJD
19:15 - 19:45 PM
The Learning Curve: The Governance of Disruptive Technology
 
Rajeev Chandrasekhar Union Minister of State for Electronics and Information Technology
19:45 - 20:00 PM
Drinks and Dinner
 

Most Powerful Women Business Awards Speakers

speakers
  • Ravi Shankar Prasad

    MP, BJP and Former Minister of Law, Communications and IT
  • Dr. Krishnamurthy Subramanian

    Former Chief Economic Advisor, GoI
  • Ankit Wadhwa

    Co-founder and CEO, RARIO
  • Ramkumar Subramaniam

    Co-founder & CEO, Guardian Link
  • Toshendra Sharma

    Founder & CEO, NFTICALLY
  • Kunal Nandwani

    Co-founder, uTrade Solutions
  • Sanjay Mehta

    Founder & Partner, 100X.VC
  • Deepak Bagla

    MD & CEO, Invest India
  • Sumit Gupta

    CEO and Co-Founder, CoinDCX
  • Jagdish Mitra

    Chief Growth & Strategy Officer, Tech Mahindra
  • Prof. Manindra Agarwal

    Dy Director, IIT Kanpur
  • Dr. Subhash Chandra Garg

    Former Finance Secretary
  • Rajnish Kumar

    Chairman, BharatPe and Former Chairman, SBI
  • Cyril Shroff

    Managing Partner, Cyril AmarchandMangaldas(virtual)
  • L Badri Narayanan

    Executive Partner, Laxmikumaran & Sridharan
  • Meyyappan Nagappan

    Leader - Digital Tax,Nishith Desai Associates
  • Ms. SelvaOzelli

    International Tax Attorney (virtual)
  • Dinesh Kanabar

    CEO, Dhruva Advisors(virtual)
  • Mukesh Butani

    Founder and Managing Partner, BMR Legal(virtual)
  • Jayant Sinha

    MP, BJP
  • Rajeev Gowda

    Former MP, Congress
  • Priyanka Chaturvedi

    MP, Shiv Sena
  • Pinaki Misra

    MP, BJD
  • Rajeev Chandrasekhar

    Union Minister of State for Electronics and Information Technology
  • Neeraj Khandelwal

    Co-Founder,CoinDCX

FAQ's

What are Digital Assets?

Digital assets are electronic files of data that can be owned and transferred by individuals. Examples of digital assets include cryptocurrencies, such as bitcoin, asset-backed stablecoins, such as tether, and non-fungible tokens (NFTs)

What is Crypto?

Crypto is a digital or virtual asset built on top of a Blockchain protocol, and is secured by Cryptography making it safe and secure.

What is Blockchain and how is it related to Crypto?

Blockchain is a decentralised ledger that allows multiple users to record and make changes in it. Once the data is entered, it cannot be removed or changed Read More here: https://dcxlearn.com/blockchain/what-is-blockchain-what-is-cryptocurrency-2/

How to invest in crypto? How much to invest in crypto?

Investors are always recommended to research, read, and analyze their risk appetite before diving into any investment tool. Buying crypto assets is very convenient today. You have to be very careful of what you buy and where you buy. Never give in to your emotions while investing and always make rational decisions because every investment tool has volatility to offer.

How can I invest using CoinDCX?

This blog is step-by-step guide to help you make your first investment Link: https://blog.coindcx.com/product-tutorials/how-can-i-invest-in-bitcoin-in-india-coindcx-go/

How to vet crypto projects? Which cryptos should you buy?

When you’re investing in a new asset, always DYOR - Do Your Own Research. Additionally, you can assess the projects based on these parameters: 1. Tokenomics | Market cap, supply and demand, and circulation 2. The defi project or crypto project idea and roadmap 3. Token use cases or applications 4. Social media proofs and News/PR 5. HNI and Institutional Interest 6. Project community: Founder, developer team, and users

What is “ATH”?

ATH is an acronym for All Time High. It refers to the maximum value an asset has seen. . For example, the all time high reached by Bitcoin was $68,700

Is Crypto Safe ?

Crypto assets are built on Blockchain protocols. These blockchain protocols are secured using industry grade encryption mechanisms. They utilize concepts like Public Key and Private key encryption, hashing, 256 bit encryption among many others.

What are some popular Cryptos other than Bitcoin?

Crypto assets other than BTC are usually referred to as “Altcoins”. Some popular altcoins are: ETH, SOL, ADA, XRP, USDT etc.

What is the 7M Framework on CoinDCX?

Each token/coin listed on CoinDCX, follows a rigorous evaluation process known as the 7M module. Read more about it here: https://blog.coindcx.com/announcements/coindcx-7m-framework-channelizing-crypto-investments-to-value/

What are crypto wallets? How many crypto wallets are there?

a wallet is used as a gateway to a blockchain network. These wallets interact with a blockchain and don’t store cryptos. A wallet securely stores the public keys, private keys, and the addresses of the user. There are two main types of crypto wallets: Hot Wallets and Cold Wallets. You can read more about them here: https://dcxlearn.com/cryptocurrency/what-are-cryptocurrency-wallets-what-are-the-types-of-cryptocurrency-wallets/

What is a BTC and how does it work?

Bitcoin is a decentralised peer-to-peer (P2P) digital asset where transactions can take place directly between two equal and independent participants of the network without the intervention of any third party.

Why Is Bitcoin Valuable?

BTC is valuable because it is built on the principle of scarcity. It is a good store of value due to a finite supply of coins available. Bitcoin is also decentralized, censorship-resistant, secure, and borderless.

Is Bitcoin legal?

https://blog.coindcx.com/product-tutorials/is-crypto-trading-legal-in-india/

Is BTC a tangible coin?

BTC is a digital asset, i.e. it exists virtually and is intangible. Hence, the value of a Bitcoin is stored digitally, unlike a physical coin, whose value is due to its tangible presence.

What is the value of one BTC?

At the time of writing this, one BTC is equal to $43,315. BTC had touched it’s all time high in November 2021, when one BTC was worth $68,700. Data from: CoinMarketCap Date: Mar 1, 2022.

How are my funds insured at CoinDCX?

CoinDCX uses BitGo services to provide the best security to its cold wallet funds. User funds are insured by a $100 million BitGo insurance. To read more: https://blog.coindcx.com/opinion/how-does-coindcx-keep-user-funds-safe-with-bitgo/

What is Ethereum? Ethereum vs. Bitcoin

Ethereum is the second largest crypto with a market cap of over $300 billion. The crypto or platform is called Ethereum, while the individual unit is called an ether.

What do you mean by Decentralisation?

In the world of blockchain, decentralization refers to the transfer of supervision and decision-making from a centralized association (individual, corporation, or group of people) to a distributed network.

Who runs Ethereum?

Governance on Ethereum Ethereum governance is the process by which protocol changes are made. It's important to point out that this process isn't related to how people and applications use the protocol - Ethereum is permissionless. Anyone from anywhere in the world can participate in on-chain activities. There are no rules set for who can or cannot build an application or send a transaction. However, there is a process to propose changes to the core protocol, which these applications run on top of. Since so many people depend on Ethereum's stability, there is a very high coordination threshold for core changes, including social and technical processes, to ensure any changes to Ethereum are secure and widely supported by the community. Source: ethereum.org

Can I trade Ether for BTC?

Yes, Crypto can be converted or traded between “exchange pairs”. A Crypto exchange can help you facilitate this transition.

What is an NFT?

NFTs can also be described as a cryptographic token that uniquely defines an asset. They can be used to represent digital assets which are in the form of images and also can track real-world assets like a house or a song for example. As these NFTs make the assets unique, i.e. there can only be one of any NFTs, which gives one to prove ownership over the said asset and prove the authenticity of the ownership. Read more about NFTS from here: https://blog.coindcx.com/cryptocurrency/what-are-non-fungible-tokens-nft-tokens-beginners-guide/

What makes NFTs so desirable?

Uniqueness of the asset Rarity - you could be the only one in the entire world who owns this asset Indivisibility: Unlike other cryptos, NFTs cannot be divided

Is lending and staking available at CoinDCX?

Yes, lending and Staking are available on CoinDCX Pro Check out Staking: https://coindcx.com/staking Check out lend: https://coindcx.com/lend

What are the different lending rates on CoinDCX?

You can check out the current lending rates on CoinDCX Pro by visiting the link: https://coindcx.com/lend

What is DCX Learn?

DCX Learn, an initiative of CoinDCX, is a pioneer learning platform offering free, high-quality educational and hands-on content on Crypto. It is a one-stop platform for new users and experienced investors alike, seeking to develop a deeper level of understanding about Crypto & blockchain-specific projects and initiatives. Visit DCX Learn: https://dcxlearn.com/

How are cryptos going to be taxed?

Government has proposed the following specific tax regime for the industry: ● Income from transfer of any virtual digital asset to be taxed at the rate of 30 per cent, ● TDS of 1 per cent to be charged on payments made for transfer of virtual assets, above a certain monetary threshold, ● The gift of virtual digital assets is proposed to be taxed in the hands of the recipient You can read all details about Crypto Taxation here: https://blog.coindcx.com/crypto-news-india/crypto-taxation-guide-budget-2022/