On Saturday, Blockchain and crypto enthusiasts met at an upscale venue in Mumbai to discuss Initial Coin Offerings (ICO). The event was organized by a prominent group, Blockchain India, that is set to change how blockchain technology is viewed in India as well as abroad.
Blockchain India is an up and coming group, based out of Bengaluru whose core mission is to increase awareness regarding the ‘disruptive technology’, among the Indian youth.
Around 50 people attended the event. The talk was headed by Anil Dukkipatty, who is the founder of Elemential and he covered chief topics. Some of the topics included were: What is ICO, Benefits for Investors, Benefits for tech industry, Digital Currency Market, ICO Market, Market share, among others.
There was discussion also regarding the recent regulations imposed by the Securities and Exchange Commission (SEC). For the uninitiated, the SEC had recently passed some directives against unregulated exchanges and ICOs that don’t toe the line. This of course, has not gone down well with crypto enthusiasts, who believe that the whole point of decentralized virtual currency is that it should not be controlled by either the government or any government-backed body.
Recently, Stephanie Avakian who is Co-Director at SEC’s Enforcement Division had said, that the agency is investigating large numbers of ICO operators and associated firms. She added, “We are very active, and I would just expect to see more and more. We’re doing obviously a lot in the crypto space, and we’re seeing a lot in the crypto space.”
Umang Goyal, one of the co-founders of Blockchain India said, “This is just the beginning. I was happy with the turnout at the event and we at Blockchain India look forward to increasing our numbers at our next meetup.”
The discussion ended with a question and answer session and audience networking to forge new business relationships.
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