Crypto adoption is accelerating on a global scale. However, many are venturing into this complex universe, often without fully appreciating the potential associated risks. Faced with this reality, Australian exchange platform Swyftx plans to create an educational component to enlighten citizens on the intricacies of cryptocurrencies.
Earn and Learn, for responsible adoption
Faced with a varied panel of investors, from novices to the most seasoned, the importance of appropriate education is obvious. With this in mind, Swyftx has introduced its “Earn and Learn” initiative on September 6” .
This forward-thinking approach aims to equip citizens with a robust understanding of cryptocurrencies, emphasizing both the opportunities offered and the challenges faced.
The core mission of “Earn and Learn” is to teach users how to spot and avoid scams inherent to the crypto world, thereby honing their skills in the field.
The training modules cover a wide range of topics, from fake tokens to deceptive maneuvers on social networks. And, of course, not forgetting price manipulation strategies. In this way, learners are better prepared to navigate this ecosystem with confidence.
This project is emerging at a time of intense debate around in-depth regulation of the crypto sector.
Crypto regulation, a balance between opportunities and challenges
The rollout of “Earn and Learn” comes at a time when Australia is in the midst of a major rethink on crypto regulation. In March 2023, Andrew Bragg, an Australian senator presented an ambitious bill.
The aim? Strengthen investor confidence through transparent regulation focused on user security, the stability of digital currencies and other essential facets of the crypto universe.
However, this project is facing some reticence. Unsurprisingly, there are a number of voices against, fearing that it could hinder innovation or convey a negative image of the crypto sector.
While the Earn and Learn platform is receiving a warm welcome, the future of the bill remains uncertain. It’s worth noting that the Australian crypto market continues to metamorphose. In fact, Australia has become one of the world’s leading ten most advanced nations in crypto adoption and blockchain technology.
As a journalist at Coinpri, I’ve been captivated by the world of bitcoin and blockchain since 2020. The decentralized aspect of Bitcoin particularly piqued my interest. Since then, I’ve been working constantly to spread my knowledge, hoping one day to see a world where everyone fully enjoys their financial freedom.
