Cryptocurrency for everyone: Master Binance wants to educate India

“In one force!” — The famous Binance exchange announced the launch of three key educational initiatives in India. These three initiatives will work together. They aim to educate Indian investors and students about the cryptocurrency and blockchain ecosystem. Binance also pointed to the lack of education as a major issue for Indian regulators and politicians. Along with a new tax on cryptocurrencies, this hinders the widespread adoption of cryptocurrencies in the country.

Binance is going to conquer India

One of the three educational initiatives launched by Binance, primarily targeting the student community in India, is the “Blockchain for Good” ideathon. It is a platform where students can propose solutions to make cryptocurrencies more accessible to everyone.

Binance is also partnering with Indian crypto influencers and educators. Neha Nagar, Aditya Shaini and Kashif Raza gathered for a free webinar called “Crypto for Everyone” on May 1st. Cryptocurrency influencers focused on teaching the fundamentals of blockchain and cryptography are demystifying the world of trading.

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

Binance official announcement.

BNB monsoon ready to hit India

Bitinning founder Kashif Raza said that “the main obstacle in the current system of crypto education is the lack of platforms that offer simplified learning.” He also stressed the need to introduce educational information in different languages. Indeed, the panel of languages ​​used by the Indian population is very diverse.

Binance’s third initiative is the new Learn and Earn program. The latter allows users to earn tokens by exploring the cryptocurrency and blockchain ecosystem. Kashif Raza, an avid crypto educator in India, highlighted the role of Binance Academy. This allows, according to him, to be aware of the latest information for regular training.

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A New Crypto Paradigm Despite Tough Regulation

Highlighting the untapped learning opportunity for Indian youth, the head of APAC at Binance also expressed his goodwill.

“We hope to create the right incentives for users to do more research and make better investment decisions. »

Leon Fung, Head of APAC at Binance

The cryptocurrency exchange also cooperates with one of the leading universities in India, the Indian Institute of Technology Delhi (IIT Delhi). In fact, he will become the title sponsor of his cultural festival Rendezvous. As such, the Binance Academy team will introduce use cases including non-fungible token (NFT) tickets and certificates.

In addition, Kashif Raza recommended his fellow Indians to study the crypto ecosystem before making investments.

“First learn, and then think about winning. Web3 > crypto and you need to understand the technology behind it and also try to make a career out of it. »

Kashif Raza, founder of Bitinning

The mission of the Binance cryptocurrency exchange in India is primarily educational.Bitcoin and cryptocurrencies education in India is a crazy bet for Binance

Despite being tough, India’s decision to levy high taxes on crypto investors laid the groundwork. In any case, this brought some clarity to the government’s position regarding this ecosystem.

“Tax legislation is only a positive step. This is a paradigm shift and regulation will catch up. »

Parin Latia, co-founder of the Builders Tribe

In early April, Coinbase Ventures, the investment arm of the American exchange Coinbase, held a presentation in Bangalore. Their intentions? Invest $1 million in various Indian cryptocurrencies and Web3 initiatives. Coinbase CEO Brian Armstrong revealed that the venture capital firm intends to attract software talent from India. He intends to help accelerate the achievement of India’s economic and financial integration goals.

Get access to Binance Academy’s quality educational resources, a foundation for understanding the fundamental concepts of the ecosystem. Wait no more to create an account on Binance, the benchmark bitcoin and cryptocurrency exchange (affiliate link).

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