EVOLUTION OF CRYPTOCURRENCY AND ITS LEGALITY IN INDIA

Mr. K. Jeyamohan the resource person of the webinar had given a brief lecture on the concept of evolution of cryptocurrencies ,where he quoted Satoshi Nakamoto and his views on the underlying technical system upon which decentralised cryptocurrencies are based. He briefly touched upon the topic of Bitcoins, in particular and explained its value and how it has grown over the years.

He explained in detail about the legality of cryptocurrencies by clearly mentioning the powers conferred by both RBI and Central Government when it comes to legalisation of the same. He finally concluded on the possibilities of how this new technology has driven most of the current market capitalisation and how it would remain a case until a certain measure of price stability and market acceptance is achieved.

There were totally around 30 students that attended this webinar and he was patient enough to clarify all the doubts that were put up by them. It was an enriching experience on the whole.

SSLJune 5, 2020Saveetha School of LawComment