cryptonewsindia

Written by Ricky roy,MBA(finance) IIM,JOKA ,Diploma in blockchain technology ,princeton university (London),AWARD WINNER FOR BLOCKCHAIN TECHNOLOGY FROM MSME,Govt of india

India risks missing out on one of the most asymmetric financial opportunities of the century.

We have a choice to make: we can either start gradually building strategic cryptocurrency reserves now, leveraging digital assets for diversification and as hedges against financial uncertainty, or wait until these assets become too difficult to accumulate at scale.

Cryptocurrencies aren’t an experiment anymore. While Bitcoin is the most widely adopted, making it the primary example in this discussion, the broader argument applies to cryptocurrencies as a whole. The Bitcoin network has been operational for over 99.98% of the time since its inception in 2009. Cryptocurrencies have survived wars, regulatory crackdowns, and multiple financial crises. If you had bought Bitcoin at any point and held it for any period of four years, history shows you would have never lost money. Fast forward to the present, and we see major institutions like BlackRock, sovereign wealth funds, and even some national governments securing their exposure to cryptocurrencies as part of their long-term economic strategies.

Unmatched in contemporary financial history, Bitcoin has increased in value by almost 200X within the past ten years alone. For context, this performance outpaces even the most successful stocks of the last decade. Even NVIDIA grew about 50X and Apple about 10X during the same period. If another asset class showed even close to these returns, we would be stockpiling it as if there were no tomorrow and considering it the ultimate source of value. So, why do we hold cryptocurrencies to such different and higher standards? Does the skepticism still make sense?

India possesses another unique advantage: the world's largest pool of technology talent. Our engineers and developers are already contributing to blockchain projects globally. A national strategy for cryptocurrency reserves would not only benefit from this expertise but could potentially create a new sector of high-skilled jobs and innovation hubs across the country, strengthening India's position as a global technology leader.

Crypto isn’t going away. The real question is… will India be a leader or a follower?
#bitcoin #cryptonewsindia #Btcbox #SmartContracts #powerdbybtc

Crypto regulation and global cooperation stressed by PM Modi at 2024 conference for modern justice and security.In the Commonwealth Legal Education Association and the Commonwealth Attorneys and Solicitors General Conference 2024, Prime Minister Narendra Modi appealed for international cooperation in dealing with contemporary challenges such as cyber threats and cryptocurrencies.This event, held at Vigyan Bhawan in New Delhi, saw Modi focusing on the need for unified justice delivery amidst increased interdependence in the modern society.Global Unity for Enhanced Justice DeliveryIn his speech, Prime Minister Modi singled out the importance of international cooperation to combat the complex network of transnational crimes. He emphasized that efficient justice delivery in one country depends on effective partnerships with other countries, building the capacity to understand the diverse legal systems and enhancing cooperation.He further claimed that this collaborative nature not only speeds up justice but also ensures that jurisdiction acts as an instrument for delivering justice rather than a means to slow down the process.Regulations to Counter Cryptocurrency and Cyber ThreatsIn addition, the prime minister raised the alarm over the criminal syndicates’ global networks spanning different countries and regions. He emphasized the growth of cryptocurrency and cyber threats as 21st-century challenges to require disclosure from 20th-century solutions.In his quest for change, Modi called for a total revaluation, reinvention, and reform of the current legal frameworks to make them flexible enough to adjust to the current realities; hence making the systems more modern regarding justice delivery.Modi also emphasized the importance of legal education for improving the delivery of justice. He championed inclusive policies on education that promote increased participation of women in the legal profession, beginning with law schools. In addition, he highlighted the imperative to provide legal training that responds to technological innovations and shifting social demands, generating a new set of law-literate workers.Modi’s Efforts to Boost Ease of Living and BusinessThe Prime Minister was proud to mention his government’s project of repealing antiquated laws inherited from the colonial era that could have served as a means of harassing citizens. This step, he pointed out, has added greatly to the quality of life and ability to carry on business in India. He also brought about three new legislations that were meant to replace old colonial criminal laws that had been in existence for more than a century, which symbolized a change of focus from punishment towards ensuring the delivery of justice and, as such, creating a feeling of security but not fear among citizens.#Write2Earn #TrendingTopic #CryptoTradeAlert #cryptonewsindia