The first edition of the Zee Business CRYPTOSPOTLIGHT 2021 took place virtually. The much-awaited knowledge sharing conclave was conducted to bring together various domain experts in the field of cryptocurrency. The event was live-streamed on Zee Biz Facebook page.
The event witnessed a fireside chat on cryptocurrency with three different panel discussion around global trends and Indian crypto market, crypto currency and the world of crypto trading exchanges and current states and the future of NFT.
On being asked how safe is crypto during the quick fireside chat, Vaibhav Vats Shukla, Co-Founder, Krypto, said, "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."
Meanwhile, sharing his industry insight on regulations, 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. Since India is still awaiting legalisation and regulation of cryptocurrency in India. While making the investment, one needs to keep in mind the risk and complication this comes with. It is important to understand the disclaimer with all the potential dangers and risks
Gaurav M Dahake, CEO BITBNS, while discussing on Value of NFTs, 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, is when it becomes valuable, similarly NFTs became valuable when people started paying attention to them.”
On the commencement of this special initiative, Shridhar Mishra, Head - Digital Sales, Zee Media opined, “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.”
Zee business took the onus to educate the audience about the nuances of this very cryptic space through a galaxy of experts who would decode the trends, map the future ahead by proposing various opportunities for readers and investors. The conclave enabled seasoned investors and top money managers to share their wisdom.