Conclave on digital currency 2022 Day 1 Live news: Amid the uncertainties of Covid-19, Bitcoin, Ethereum, and other cryptocurrencies have garnered special attention in India and around the world. Many see digital currencies (including private cryptocurrencies) as the future of finance. However, in the absence of regulation, cryptocurrencies are currently reduced to being a speculative asset class with extreme volatilities.
According to the latest research from Markets-and-Markets, even banks have started buying cryptos for the first time. In the United States, banks are creating their own blockchain-based systems, including digital currencies, to enable B2B cryptocurrency payments between their customers. In October 2020, PayPal announced that its customers will be able to buy, sell and hold Bitcoin and cryptocurrencies using their PayPal accounts. The size of the cryptocurrency market is expected to grow from $ 1.6 billion in 2021 to $ 2.2 billion by 2026, at a CAGR of 7.1%. The transparency or distributed ledger technology and the growth of venture capital investments are the key factors for the growth of the market.
As crypto / digital currencies and blockchain, the technology behind digital currencies, develop at a rapid pace in India, there are several controversial issues on which clarity is required. During the two-day Digital Currency Conclave hosted by financialexpress.com, experts will speak out on all of these contested issues and discuss the way forward. Topics for discussion include the need for digital currency; the role of money and digital assets in a modern world; the socio-economic impact of digital currency; the need to legitimize digital currency; fight against financial fraud; the construction of digital assets and cybersecurity and the need to build strong walls.
Read Live Conclave Day 1 Updates on Digital Currency
Digital Currency Conclave 2022 Live: The Importance of Digital Currency and Its Role in Modern India