Binance Launches InitiativesTo Educate Indians About Bitcoin, Ethereum Amid Regulatory Woes

Amid the regulatory crackdown in India, the world’s largest cryptocurrency alternate, Binance goals to run cryptocurrency courses for Indian traders. 

What Occurred: The corporate stated it might concurrently launch three instructional initiatives that may assist educate Indian traders and college students about cryptocurrency. The primary of the schooling initiatives will goal the coed demographic and is titled “Blockchain for Good.” Different initiatives embody webinars by Indian cryptocurrency influencers like Kashif Raza, Neha Nagar, and Aditya Saini, and a learn-to-earn program that may permit folks to earn cryptocurrency all of the whereas studying about it.

Binance, in an announcement, stated, “given the expansion witnessed by crypto in India, and the strategic significance of the geography, investor schooling has been an space of concern for a number of stakeholders, together with regulators and policymakers.”

This got here a couple of week after Binance partnered with premier Indian government-run IIT Delhi to offer non-fungible token (NFT) tickets throughout its three-day cultural fest. 

Cryptocurrencies like Bitcoin BTC/USD, Ethereum ETH/USD, and Dogecoin DOGE/USD have seen main traction from Indian traders. Nevertheless, amid the hostile surroundings attributable to the regulatory hammer in India, the crypto exchanges have seen their trading volumes fall by a thud.

Value Motion: Based on Benzinga Pro knowledge, Bitcoin traded 0.3% larger over 24 hours at $38,587.97, whereas Ethereum traded 0.5% larger at $2,838.31 in the identical interval.