Amid the regulatory hammer on digital belongings like NFT, Bitcoin BTC/USD, Shiba Inu SHIB/USD, and Dogecoin DOGE/USD, the Indian government-run IIT Delhi has partnered with Binance to offer non-fungible token (NFT) tickets throughout its upcoming three-day cultural fest.
IIT Delhi’s ‘Rendezvous’ fest is scheduled from April 24-26.
What Happened: According to India’s Mint enterprise newspaper, IIT Delhi representatives mentioned the partnership with Binance will permit college students to study blockchain expertise and see a few of its functions in motion.
Binance’s Asia-Pacific head, Leon Foong, mentioned he’s blissful to offer his firm’s infrastructure and platform to encourage and educate college students in Web3, blockchain, and crypto, based on the report.
Binance can be the title sponsor for the cultural pageant, underscoring cryptocurrency’s rising pattern within the nation the place increasingly more Indians are shopping for digital belongings.
However, the regulatory ambiance stays hostile within the nation as the federal government plans to tighten provisions for using cryptocurrency.
Recently, Indian Finance Minister Nirmala Sitharaman reiterated the nation’s angle in direction of cryptocurrencies in an IMF assembly. She raised concern over the dangers of cryptocurrencies in unregulated environments and highlighted the necessity for coordinated efforts to mitigate them and the event of central financial institution digital currencies.
Price Action: According to information from Benzinga Pro, Bitcoin was buying and selling at $40703, gaining 0.55% within the final 24 hours, and Shiba Inu and DogeCoin have been up 1.19% and 0.59%, respectively, over the identical interval.
