Binance to Increase Crypto and Blockchain Awareness Among Indian Investors
Quick take:
- Binance is set to launch three key educational initiatives.
- The initiative is to make crypto investors and students in India aware of crypto and blockchain.
Binance, a cryptocurrency exchange, has announced the simultaneous launch of three significant educational programs aimed at informing Indian investors and students about the cryptocurrency and blockchain ecosystem.
While acknowledging the significance of investor understanding of crypto and blockchain. Binance pointed out that Indian authorities and politicians identify a lack of education as a source of worry, which is preventing crypto adoption.
One of Binance's three educational efforts, aimed mostly at the Indian student audience, is the introduction of the "Blockchain for Good" ideathon, a forum for college students to come up with solutions for making crypto more accessible and inclusive.
An initiative to increase awareness
On May 1, Binance will hold a free webinar called Crypto for All with India-based crypto influencers and educators such as Neha Nagar, Aditya Saini, and Kashif Raza. According to the official statement, the crypto influencers will focus on educating the core ideas of blockchain and crypto while demystifying myths linked to crypto trading:
The newly announced Learn and Earn program, Binance's third project, allows users to earn cryptocurrency while learning about the crypto and blockchain ecosystem.
As a long-time crypto instructor in India, Raza emphasized the importance of Binance Academy in keeping up with the newest instructional knowledge.
The cryptocurrency exchange has also teamed with the Indian Institute of Technology Delhi (IIT Delhi) as a title sponsor for their cultural festival Rendezvous to demonstrate use cases such as nonfungible token (NFT) tickets and certificates, fan tokens, and the proof-of-attendance protocol (POAP).
While in some ways counterproductive, India's move to slap high taxes on crypto investors has provided some clarity about the government's position on the nascent industry.
Coinbase Ventures, the investment arm of Coinbase, held an in-person pitching event in Bangalore, India, in early April, with ambitions to invest $1 million in a variety of Indian cryptocurrencies and Web3 ventures.
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