Invitation You are cordially invited to Baroda Management Association (BMA), at Guru Narayana Center for Leadership, 2nd Floor, Anmol Plaza, Opp. Mc. Donalds, Old Padra Road, Vadodara. Speaker : CA Sanjeev Shah Topic : A Bit on BITCOINS: Opportunity or Threat? Date : 28th March, 2014 (Friday) Time : 6:15 p.m to 7:15 p.m i.e. Approx 1 hour It will be an excellent knowledge enrichment opportunity for all participants. Kindly make it convenient to attend. Brief about the speaker CA Sanjeev Shah is a practicing Chartered Accountant. He is a Proprietor of M/s Shah Sanjeev & Associates, Chartered Accountants, Baroda. He is practicing in areas of Investment Banking like Private Equity and Strategic Investments, Mergers & Acquisitions, Corporate Finance and other Business Advisory services for more than 25 yrs. Mr. Shah is a Science Graduate, a Fellow Member of The Institute of Chartered Accountants of India and also Certified Fraud Examiner (CFE) from Association of Certified Fraud Examiners, Texas, USA. He is an Associate Member of National White Color Crime Center (NW3C) established by FBI, USA. He delivered lectures at various professional bodies and Industry forums like ICAI, FICCI, CII, FGI and also at United Nations at Spain and World Council for Corporate Governance at London. Brief about the topic Bitcoin is a peer-to-peer payment network and virtual/digital currency. It is called a crypto currency as it uses public-key cryptography in which a pair of public and private keys are generated and was introduced in 2009. Through various exchanges, bit coins are bought and sold at a variable price against the value of other currencies. The extreme volatility of the value of bitcoins has attracted attention of countries and people of the world at large. An e-Wallet and mining plays crucial role in trading of bitcoins. Bitcoins are generated through complex computer calculations. There are reports that Bitcoin ATMs would facilitate its trading in near future. Bitcoins have been described as lacking intrinsic value because their value depends only on the willingness of users to accept them and also been criticized for the carbon footprint associated with electricity used in the mining of bitcoins. Indian regulators are in dilemma for how to classify Bitcoin—whether goods, movable property or intangible asset? More & more facilitation taking place across the globe for bitcoin transactions like opening of ATMs and Virtual Safe Vaults duly insured.
Posted on: Fri, 28 Mar 2014 12:08:28 +0000
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