Hello Friends,
Crypto exchanges are here to make money and, understandably, they are doing business that is more focused on profits. In India, we have multiple exchanges providing crypto services but till now no one has come forward to think about the user's education initiative. Finally one of the exchanges has come forward to take this up and they have started a crypto learn initiative. Its good that finally a good start is now happening and hopefully this will help the users in the country to learn more about crypto blockchain and web 3.
Its true that crypto is growing but at the same time we also need to understand that not everyone is good at it. A lot of people don't even know what Crypto and Blockchain are so it is imperative that there has to be some initiative for learning and education of the people. Ideally, these types of initiatives should be initiated by the government but sadly that's not going to happen soon. It is because the government is not aligned with Crypto goals. It is because the government is not considering crypto as a valuable segment. It is also because the government is not interested in crypto. Maybe this scenario change in future but for now, it is the same the government is not ready to talk about crypto and they have penalised through heavy tax.
Crypto investment platform Mudrex has announced a crypto-focused awareness initiative to mark National Cyber Security Awareness Month this October. In an announcement note shared on Tuesday, October 1 the company said it will be hosting a series of weekly panel discussions focused on crypto safety and cyber security.
We have seen how a leading crypto exchange was hacked in July month and Crypto worth $230 million was stolen. Still, users are struggling to get their funds back and the exchange is not at all worried about it because they are more concerned about exchange safety instead of user funds. This is a tragic situation so awareness is surely necessary and finally, an exchange is doing it. I'm glad to see this initiative and I hope that this will benefit a lot of people in crypto in India. India is a big market but the reality is that a lot of people are not aware of this technology and the overall crypto mechanism so education is a necessity.
There should be education for crypto basics that should include the blockchain and how the Web Three ecosystem works. Of course, securing the Crypto is also a priority that should be educated to the people and this is how more people will learn the best practices to be followed in the Crypto market for a safe and secure experience.
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