Cambodia is currently the only country in the world which has used DLT (distributed ledger technology or blockchain) to construct a national payment structure, which is called Bakong, said Sopnendu Mohanty.
MUMBAI: The government’s plan to ban private cryptocurrencies has thrown crypto backers in India into a fight for their survival and their major tool in this battle is to convince the government that cryptocurrencies are not what they are made out to be.
Experts and commentators at the ETMarkets Conclave today pleaded with the government to see the positive side of technological innovation and said that they will welcome any regulations instead of a blanket ban.
“There are enough positive use-cases of cryptocurrencies for India to adopt it rather than ban it,” said Nischal Shetty, founder and chief executive officer at WazirX at ETMarkets Conclave held virtually earlier in the day today.
ETMarkets Conclave to demystify the world of cryptocurrency and blockchain
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Last Updated: Feb 24, 2021, 12:31 PM IST
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ETMarkets will put the spotlight on Cryptocurrency and Blockchain through the first edition of ETMarkets Conclave with top experts from the financial industry.
Amid all the mystery and buzz surrounding Bitcoins, the first edition of the
ETMarkets Conclave today puts the spotlight on cryptocurrency and blockchain. Cryptocurrencies, also known have virtual currencies, have broken a slew of records in the recent past, and the most popular among its kind the Bitcoin touched a record high of $58,350 last week before taking a breather.