Binance is raising awareness of cryptocurrency and blockchain among Indian investors

Cryptocurrency exchange Binance has announced the parallel launch of three major educational initiatives to accelerate the education of Indian investors and students about the cryptocurrency and blockchain ecosystem.

Acknowledging the importance of investor awareness of cryptocurrencies and blockchain, Binance noted that Indian regulators and policymakers cite the lack of education as a concern, which is largely fueling cryptocurrencies at the moment. prevents the adoption.

One of three education initiatives launched by Binance, primarily targeting the student demographics in India, includes the launch of the Blockchain for Good idea, a solution to make cryptocurrencies more accessible and inclusive for college students. There will be a platform.

Binance has partnered with Indian crypto influencers and educators, including Neha Nagar, Aditya Saini, and Kashif Raza, to host a free webinar titled “Crypto for All” on May 1 that will dispel myths related to blockchain and cryptocurrency .

“In addition to providing all participants with certificates issued by the Binance NFT blockchain, the selected winners will receive great gifts in the form of Bitcoin and Binance Coin (BNB).

Speaking to Cointelegraph about the Indian scenario, Bitining founder Kashif Raza revealed that “the main obstacle in the current crypto education system is that there are not enough platforms that offer education in a rational way.” He also stressed the need to present educational information in multiple languages ​​to serve India’s large population.

Binance’s third initiative is the recently launched Learn and Earn program, which allows users to earn cryptocurrency while learning about cryptocurrencies and the blockchain ecosystem. As a longtime cryptocurrency educator in India, Raza highlighted the role of Binance Academy in staying up to date with the latest educational information.

Highlighting the untapped opportunity to educate young audiences in India, Leon Phung, Head of APAC at Binance, said:

“We hope to provide the right incentives for users to do deeper research and make more informed investment decisions.”

The cryptocurrency exchange has partnered with one of India’s leading universities, Indian Institute of Technology Delhi (IIT Delhi), to showcase use cases including token notes and non-fungible certificates (NFT) as part of their Rendezvous cultural festival. as main sponsor. ), tokenization and Proof of Presence Protocol (PoAP).

In a final note, Raza advised Indians to educate themselves about the cryptocurrency ecosystem before investing:

“Learn first, then think about winning. Web3 > Crypto and you have to understand the technology behind it and also try to make a profession out of it.

Despite the benefits on some levels, India’s decision to impose heavy taxes on cryptocurrency investors has clarified the government’s position on the evolving ecosystem.

In early April, Coinbase Ventures, an investment arm of cryptocurrency exchange American Coinbase, held a solo event in Bangalore, India, with plans to invest $1 million in various cryptocurrency exchanges, Indian currencies, and Web3 initiatives.

Working with Buyer’s Tribe, Coinbase CEO Brian Armstrong announced that the company aims to leverage India’s software talent and help accelerate India’s economic and financial inclusion goals. Speaking to Cointelegraph about the impact of the new tax law on attracting foreign investment, Buddy’s Tribe co-founder Parin Lathia said:

“The tax law is just a step in the right direction. It’s a paradigm shift and the rules are being updated.

Leave a Reply

Your email address will not be published.