Binance Raises Cryptocurrency And Blockchain Awareness 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 on the cryptocurrency and blockchain ecosystem.

Acknowledging the importance of investor awareness of cryptocurrencies and blockchain, Binance pointed out that Indian regulators and policymakers cite lack of education as a concern, which is currently largely fueling cryptocurrencies. hinders adoption.

Primarily targeting the student demographic in India, one of three educational initiatives launched by Binance includes the launch of the “Blockchain for Good” idea, a solution to make cryptocurrencies more accessible and inclusive for college students. There is a platform to come.

Binance has teamed up with Indian crypto influencers and educators, including Neha Nagar, Aditya Saini, and Kashif Raza, to host a free webinar called Crypto for All on May 1, dispelling 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 of Bitcoin and Binance Coin (BNB).

excited!@binance Chose me for my mission to educate the public on crypto-assets and blockchain.

Please register for the live webinar on May 1, 2022 at the link

Each participant will receive a free blockchain certificate issued by Binance. pic.twitter.com/YBYgj6bKAa

— Kashif Raza (@simplykashif) April 26, 2022

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 streamlined way”. He also stressed the need to present educational information in multiple languages ​​to serve India’s vast 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. A longtime cryptocurrency educator in India, Raza highlighted Binance Academy’s role in keeping 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 create the right incentives for users to conduct deeper research and make more informed investment decisions.”

The cryptocurrency exchange has partnered with one of India’s leading universities, the Indian Institute of Technology Delhi (IIT Delhi), to showcase use cases, including token notes and certificates not fungible (NFT), as part of its Rendezvous cultural festival. as main sponsor. ), tokenization, and Proof of Presence Protocol (PoAP).

In a final note, Raza recommended Indians to learn about the cryptocurrency ecosystem before investing:

“Learn first, then think about winning. Web3 > crypto and one has to understand the technology behind it and also try to make a career 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 towards the developing ecosystem.

In early April, Coinbase Ventures, an investment arm of cryptocurrency exchange American Coinbase, held a one-on-one pitch event in Bangalore, India, with the intention of investing $1 million in various cryptocurrency exchanges. Indian currencies and Web3 initiatives.

In partnership with Buyer’s Tribe, Coinbase CEO Brian Armstrong revealed that the company aims to harness 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, Buddlers 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 will be updated.