Cryptocurrencies are the most happening thing at present around the world. Though, volatile nature of cryptocurrencies has contributed to the wealth of many investors in India, it poses serious risks as these are not regulated by the Central Government/Reserve Bank of India and not recognised as legal tender till date.
Since sizeable funds of the investors are parked in cryptocurrencies, there is an urgent need to understand the regulatory and tax challenges surrounding the cryptocurrencies and the necessity of its immediate regulation in India.
To deliberate this, CII along with SILF and L&S is organising panel discussion on 7 December 2021 (Tuesday) from 16:00 to 17:30 hrs. The webinar will analyse various legal issues, including the ones relating to tax in cryptocurrency transactions.
The panel chaired by Mr. L. Badri Narayanan, Executive Partner, L&S, will cover-
- Interface between cryptocurrencies & digital assets and the Indian laws
- Cryptocurrencies as legal tender in India
- Are Indian laws equipped to handle the use of cryptocurrencies and to provide an enabling environment for furthering the use of cryptocurrencies?
- Direct and Indirect tax implications and challenges
- Regulatory risks while using or dealing with cryptocurrencies
- Dr Lalit Bhasin, Chairman, CII Task Force on Legal Services Managing Partner, Bhasin & Co. President, SILF
- Ganesh Kumar, Former Executive Director, Reserve Bank of India
- Cyrus Pocha, Partner, Financial Services and Co-head, Global Fintech Group, Freshfields
- Nischal Shetty, Founder, Wazir X
- Raghavan Ramabadran, Executive Partner, L&S