The first edition of Zee Business Crypto spotlight 2021 witnessed fireside chats on cryptocurrency, NFT and more. The conclave brought together various domain experts in the field of cryptocurrency.
Three different panel discussions around global trends and Indian crypto market, crypto currency, the world of crypto trading exchanges, and the current state and the future of NFT took place during it. The event was live-streamed on Zee Biz Facebook page.
"Not all cryptocurrencies are safe. There are a lot of scams going on. Recently, we have heard about the squid game crypto scam. But major coins like Bitcoin, Ethereum, Solana and others are pretty safe and have been there for a long time and have proper application tools. But before you invest money in cryptocurrencies, make sure that you are adequately informed. Also, be cautious and also choose platforms wisely," Vaibhav Vats Shukla, Co-Founder, Krypto, said.
Prashant Saran, former Senior Financial Sector Regulators, said, "Industry demands regulations and the regulators are not compatible with the idea of regulations. There are problems of money laundering, black money and monitoring issues as well. Also, I don't appreciate regulated crypto exchanges; rather, conversion into fiat currency itself is against the basic principles of cryptocurrency where we don't want central authority."
The conversations on various panel discussions focussed on how cryptocurrency, NFTs, EFTs have gained momentum in our country. It also captured the essence of the fact how people are building products on the blockchain.
Gaurav M Dahake, CEO Bitbns, said, "Any product, commodity or activity gains attention only when the audiences pays attention to the same. For example, meme coins were valued by a certain set of audiences, that is when it became valuable, similarly NFTs became valuable when people started paying attention to them.”
Shridhar Mishra, Head - Digital Sales, Zee Media, said, “As a media company, we feel it is important for us to educate our viewers and walk them through the current ongoing trends such as crypto, NFTs, EFTs and more, so that the viewers make an informed decision before spending any of their hard-earned money. Zee Media is committed to bringing the best to its audiences across various genres.”