Press conference by Dr Natraj Suryawanshi, Toska Crypto Academy; Appeals to Indians for Learning before Investing in Crypto
Mumbai, February 26: Nowadays, everyone wants to invest in cryptocurrency like they do in the stock market. But fluctuations in the market and inadequate knowledge stop people from investing in cryptocurrency, also called crypto. Cryptocurrency may be a good alternative or balancing asset to cash, which may devalue due to inflation over time. Crypto is an asset that people invest in and have found that it yields very high returns. Investing in cryptocurrencies over the long run can be rewarding. But, it is critical that you gain knowledge about the market before you invest in it. During an interview, Crypto expert and consultant, Mr. Natraj Suryawanshi has shared his expert knowledge about cryptocurrency.
Mr. Natraj Suryawanshi, the Founder of Toska Technologies and currently its CEO, has also discussed his new academy that can help you succeed in the crypto sector.
In a candid interview, he answered a few questions asked to him.
First and foremost please let us know about your company?
Everyone in the Indian market is excited about crypto. But, whether it is crypto or the stock market, perfection comes only with knowledge. Hence, we have built Toska Technologies like an academy for crypto, which is not a currency but a digital asset.
What is the difference between a digital asset and a crypto asset?
A digital asset is something like Google Pay, PhonePe, and Paytm. They are assets with which you can connect through your bank and transfer money to each other. It is a fixed digital currency.
In crypto assets, there are a lot of variants that fluctuate, and hence it rises and falls. It depends on supply and demand. Crypto assets are the future.
Please tell us about the legality of crypto in India?
The Indian government is working very well on this matter at the moment. You must have heard about legislation for crypto that has been approved recently. But, we are talking about crypto in the international market. Nearly 30 to 40 countries have accepted crypto as a currency and as an asset. Reserve Bank of India (RBI) has already approved digital assets through a Prepaid Payment Instrument (PPI) license. In the same way, it is upon the government to make crypto legal, and it is working rapidly in that direction.
The crypto bill has been recently approved in India. The people who know and understand crypto invest in it and profit from it. The bill states that these people will have to give 30% of the profit to the government. There is also a 1% TDS applicable on the exchange required for our transactions with each other.
Please throw some light on the technology behind crypto and how does it work?
A lot of scams happen in the world of digital assets. When we talk about crypto, we discuss digital assets in which there is a decentralized system. This system is made from blockchain technology, which is not hackable. It can have tremendous benefits for the future generation.
Since you have talked about blockchain and decentralization, please tell us the Indian market’s take on it.
India has a population of 135 crores, out of which 65% use Android phones, and these people are youngsters. These people waste their time and money on YouTube and social media like Facebook and Instagram. Through Toska Technologies, we have launched an academy where we want to create employment with an education base.
What does Toska Crypto Academy intend to do? Will it be conducted online or offline? And, is the academy eyeing international presence?
No doubt, it is online and decentralized, but let us talk about education. If you want to join Toska Crypto Academy, then there is simple registration, after which you will get to what know exactly crypto is. Students of the academy will learn about blockchain technology and decentralized systems. We will provide knowledge about all this in detail. Once you complete the course with the academy, you can start trading in crypto. Youngsters can get a small profit from the business they will launch after learning many things about crypto from home. It can thus provide them with employment.
Finally, please tell us about how to join Toska Crypto Academy?
The registration process is simple. If you are interested, you can visit Toska Crypto Academy’s website toskaacademy.com to register yourself there. As soon as you enter your name, address, and email in the registration form, you will get a token as a gift from the academy that can have a value of millions and billions in the future. Our back-end team will then contact and provide you with the complete detail. Finally, we will provide you with knowledge and training about crypto and how you can earn from it.