India has witnessed a growing appetite for cryptocurrency following the SC’s repeal of the ban on cryptocurrency
The threat of possible anti-crypto legislation in the near future has not prevented cryptocurrency firms in India from rolling out educational programs and professional training for people interested in the industry.
On September 2, the crypto exchange CoinDCX announced it would be integrating online training and blockchain certification courses that are provided by an organisation called the Blockchain Council.
The new partnership will offer two specialised courses in cryptocurrency training. This new initiative is an extension of CoinDCX’s existing educational platform, the DCXLearn, and will allow trainees to participate in practice sessions with the exchange’s interface. This is an opportunity for hobbyists to try an immersive simulated training experience.
Toshendra Sharma, the Executive Director of the Blockchain Council, said that the organisation’s curricula is working on being industry-oriented and career-focused. He has stated that the partnership with a crypto exchange will help the Council ascertain that the training being offered remains realistic and updated with the most recent developments in the field.
CoinDCX has revealed that the highest demand for cryptocurrency professionals is in Bengaluru, in the southern state of Karnataka.
In March of this year, CoinDCX allocated $1.3 million to the TryCrypto project. TryCrypto is an initiative with the goal of introducing 50 million Indian users to the cryptocurrency and blockchain sector.
Early in 2020, the exchange managed to close a $3 million Series Funding Round from Bain Capital. It also managed to seal $2.5 million in strategic investment from Polychain Capital and Coinbase.
The increase of investment and optimism towards the country’s nascent crypto sector follows the Indian Supreme Court’s repeal of a ban by the Reserve Bank of India (RBI) that prevented banks from dealing with crypto firms last March 4. The ban had been enforced since July of 2018 and the decision to strike it down was delivered by Justices Rohinton Nariman, S Ravindra Bhat and V Ramasubramanian.
Authorities remain uncertain when it comes to establishing a regulatory and legal climate in the country despite the boom in exchanges and general interest in the industry. In addition, crypto businesses initially had difficulties interacting with banks, with some making complaints about the lingering hesitation when it comes to interacting with cryptocurrency firms due to the lack of a regulatory framework to follow.