Indian government announced the launch a new crypto awareness program that aims to educate the public about the potential risks and benefits of cryptocurrency. This programme will be available to individuals and businesses and will provide information about the risks and benefits of investing in cryptocurrency, as well guidance on how to store and use them safely.
Indian authorities have been cautious with cryptocurrency in the past. In 2018, the Reserve Bank of India banned banks and financial institutions from dealing in virtual currencies. The Supreme Court overturned the ban and the government indicated that they are open to considering cryptocurrencies for some applications.
Many in the industry see the launch of the crypto awareness program as a positive move. They believe education is crucial to help people understand and make informed decisions regarding cryptocurrencies. It is expected that the programme will cover a broad range of topics including basics of blockchain technology, different types of cryptocurrency, and the potential rewards and risks of investing in them.
The exact date and delivery of the programme are not known, but it is expected that it will be in place within the next months. The Indian government is urging individuals and companies to be careful when dealing with cryptocurrency and to carefully evaluate the potential rewards and risks before making investment decisions.