🇺🇸 lATEST UPDATE: Just 13 days until Gary Gensler steps do | anilsingta в Binance Square

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🇺🇸 lATEST UPDATE: Just 13 days until Gary Gensler steps down as SEC Chair.

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India 🇮🇳 s Birla Group-backed business school launches in-house crypto, BIMCOIN Birla Institute of Management Technology, a premier business school in India, has launched its in-house cryptocurrency for use on campus. Dubbed BIMCOIN, the cryptocurrency will help enable transactions between students, vendors, and administrators while also serving as a practical tool for hands-on learning in blockchain and digital finance, according to an official press release. BIMTECH, which is supported by the Birla group of companies, an Indian conglomerate, partnered with the Kalp Decentra Foundation, a non-profit organization focused on digital innovation, to develop BIMCOIN on a permissioned blockchain. For those unaware, permissioned blockchains are private or semi-private blockchain networks that require authorization to participate. Unlike public blockchains, where anyone can join and validate transactions, permissioned blockchains limit access to approved participants, ensuring greater control, security, and efficiency. According to BIMTECH director Prabina Rajib, BIMCOIN will function beyond just a payment solution, acting as “an educational instrument” to provide students with practical exposure to blockchain technology and digital currencies, thereby preparing them for careers in fintech. BIMTECH plans to integrate BIMCOIN into its academic curriculum to solidify its role as a practical educational tool. A pilot for BIMCOIN has already been conducted, focused on addressing challenges such as technical integration and user onboarding, during which it recorded over 1,100 transactions. For the next phase, BIMCOIN will undergo additional rounds of close-network testing to refine its functionality, after which it will see a full-scale campus-wide rollout. Source: Crypto News

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