National Seminar on Cryptocurrency and Global Economics | IIMT University

In a significant step towards fostering academic discussions on cryptocurrency and its role in global economics, the School of Commerce and Management at IIMT University successfully organized a National Seminar on "Cryptocurrency in Global Economics and Sustainable Development." The seminar provided a platform for experts, scholars, and students to engage in meaningful discussions on the impact, regulatory aspects, and future prospects of cryptocurrencies in global trade and sustainable development.

Eminent Speakers Share Their Expertise on Cryptocurrency

The seminar was graced by renowned industry professionals and academicians who shared their in-depth knowledge and perspectives on digital currencies. The event featured distinguished speakers such as:

Mr. Anurag Dubey – Regulatory Aspects and Cryptocurrency Work

Mr. Anurag Dubey, Additional Commissioner of Income Tax, provided an insightful discussion on the regulatory frameworks surrounding cryptocurrencies in India. He elaborated on the intricacies of bitcoin, blockchain technology, and taxation policies related to digital assets. His talk focused on how governments across the world are addressing the legal and regulatory challenges posed by cryptocurrencies.

Mr. Dubey highlighted key aspects such as:

• Understanding Bitcoin and Blockchain: The core mechanisms that drive digital currency transactions and their real-world applications.

• Cryptocurrency Regulations in India: The evolving legal landscape and how Indian authorities are working to integrate digital assets into the financial system.

• Tax Implications and Compliance: How taxation policies affect investors and businesses dealing with cryptocurrencies.

CA Rajeev Gupta – Financial Implications and Risks of Digital Currencies

CA Rajeev Gupta, a prominent Chartered Accountant, delivered an impactful session on the financial aspects of cryptocurrencies. His discussion covered the economic risks, investment opportunities, and potential financial transformations that digital currencies bring to global economies.

Key takeaways from his session included:

• Economic Opportunities: How digital currencies contribute to financial inclusivity and cross-border transactions.

• Investment Risks: Understanding the volatility, security concerns, and speculative nature of cryptocurrencies.

• Global Trends: How various countries are embracing or restricting cryptocurrency adoption.

Dr. Sanjeev Kumar – Role of Cryptocurrencies in Global Trade and Sustainability

Dr. Sanjeev Kumar, Associate Professor at CCS University, emphasized the impact of cryptocurrencies on global trade and sustainable development. His session shed light on how digital currencies are reshaping the international trade landscape and their potential to drive sustainable financial models.

His discussion encompassed:

• Cryptocurrencies and Global Trade: How digital assets facilitate international business transactions and reduce dependency on traditional banking systems.

• Sustainability Concerns: Addressing the energy consumption of cryptocurrency mining and innovative solutions for eco-friendly blockchain networks.

• Future Prospects: The long-term viability of cryptocurrencies in shaping an inclusive and sustainable economy.

Seminar Attendees Gain Valuable Insights

The seminar attracted a diverse audience, including Ph.D. scholars, students, faculty members, and industry professionals. The event served as an eye-opener for many, helping them understand both the potential and challenges of cryptocurrencies in the global economic ecosystem.

Participants engaged in discussions on topics such as:

• Decentralized Finance (DeFi): How DeFi is revolutionizing the banking sector.

• Central Bank Digital Currencies (CBDCs): The role of government-backed digital currencies in regulating the market.

• Security and Fraud Prevention: Understanding the risks of cryptocurrency fraud and best practices for secure transactions.

Impact of the Seminar on Academic and Research Pursuits

The seminar not only provided an in-depth understanding of cryptocurrency but also inspired researchers and students to explore further studies in the field. The discussions sparked intellectual curiosity and encouraged the academic community to delve into:

• The future of blockchain technology in various industries

• Policy recommendations for effective cryptocurrency regulations

• Innovative applications of digital currencies in sustainable finance

Shaping the Future of Cryptocurrency in Economics and Sustainability

The National Seminar on "Cryptocurrency in Global Economics and Sustainable Development" at IIMT University's School of Commerce and Management successfully facilitated meaningful conversations on the financial, legal, and environmental aspects of digital currencies. The event left participants with new perspectives on the evolving role of cryptocurrencies and their influence on the future of global trade and sustainability.

As the cryptocurrency landscape continues to evolve, such academic initiatives play a crucial role in educating and preparing future professionals to navigate the complexities of digital finance.

18-Feb-2025

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