Mangaluru: "Self-research is the best research," said Pareen Lathia, AVP- Marketing at WazirX, in an awareness webinar titled “Prospects and Challenges of Cryptocurrency in India” organised by the Department of Business Administration and Entrepreneurship Development Forum of St Agnes College (Autonomous), Mangaluru on 3 June at 5pm.
Addressing more than 650 participants through zoom platform, Pareen articulated that the concept of Cryptocurrency is not entirely new. It is run on block chain networks ensuring that all cryptocurrencies issued on the decentralized network are accounted for. He elucidated that crypto is not banned in India. There is prohibition at present and very soon a regulatory bill is going to be passed on the acceptance of cryptocurrency. Of late, there is lot of positive sentiment all around the country towards crypto and it is not a threat to fiat currency in India. While answering plethora of queries from the participants he advised that one should invest only that much he/she will not lose sleep over. FOMO (Fear of missing out) should not be the reason for investing.
Dr Devi Prabha Alva, Associate Professor of Commerce and the convenor of the webinar welcomed and introduced the resource person and pointed out that our college graduates spend almost 16 years of their life gaining skills that will fetch them a rewarding salary but they spend little or no time to understand the techniques of saving, investment and how to grow their income. Ideas are going to become the currency of the new economy. The investors & stakeholders in cryptocurrencies need to exercise due diligence and understand the intricacies of digital currency which is going to be the biggest game changer of our economy. Many of us are still in dark and know nothing about digital currency she said.
Sabina Dsouza, HOD, BBA and the Co-convenor of the webinar proposed the vote of thanks. Participants earned e- certificates by answering an MCQ test conducted online on cryptocurrency.
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