The modern age of #technology in #India is having an impact on homeschooling.

Other technologies making important contributions to the field are measured against the high bar that #Metaverse has established. With the aid of modern technology, students may now take part in parts of a real classroom from the comfort of their homes, making learning more dynamic, immersive, and fun.

As shown by Statista, 14.84 million users are expected to be active in the metaverse schooling market by 2030. The metaverse has produced new learning opportunities, particularly for homeschoolers, by presenting the core topic material in a better and more organized way. Also, students can engage with the items associated with concepts, which improves learning possibilities and helps students understand concepts better.

Benefits Of Homeschooling From The Metaverse

Interactive Education

Students in the modern day are making progress toward insightful and exciting prospects for advancement. It can be challenging to create a dynamic learning environment, especially when homeschooling. Contrarily, the metaverse has made it feasible for students to engage with a range of concepts-related things in order to better grasp them.

Aids In improving Students Performance

Based on a study by PwC, students who participated in VR-enabled classes gained information four times more quickly than those who attended traditional classroom instruction. The metaverse's most important benefit for education and learning is its capacity to deliver the required subject content in an improved and integrated manner. The advantage of computer-generated reality aids in developing not only effective techniques for externally presenting concepts and subject matters but also step-by-step instructions to show the activities.

Gaming-Based Education

In incredibly realistic environments that are based on actual occurrences, educators can construct game-based exercises where students can engage. This will enable students to learn more efficiently and have a more personalized learning experience.

Accelerated Learning

Through the use of gamification, interesting hands-on exercises, 3D objects, and amusing activities, the immersive learning environment of the metaverse may keep pupils one step ahead. Students in homeschooling supported by the metaverse, however, are better able to understand the subject matter and are less prone to feel disengaged because to 3D simulations that entirely occupy a person's eyes and attention.

Metaverse: What Will Be Popular Soon

The educational landscape has seen a significant change with the arrival of technology. Students today have more alternatives than ever before in terms of what academic pursuits they can pursue. For various tools that improve students' learning experiences, Metaverse has established rigorous requirements. The metaverse has effectively changed the potential of education by giving students the chance to interact with idea elements and get real-world experience for deeper comprehension.

This news is republished from https://coinaquarium.io/

A recent Statista report has revealed that India’s crypto community is expected to soar to over 156 million members by the end of the year. This estimation indicates that over 11% of India’s population will have jumped into the cryptocurrency sector by the end of 2023.

The country’s crypto adoption rate is predicted to surpass that of major economies such as the United States, the United Kingdom, Japan, and Russia.

The report highlighted that most Indians who deal with digital assets are well-educated and aged between 18-40. The younger generation, in particular, has shown a strong inclination to interact with the industry in other countries as well.

Moreover, India’s cryptocurrency market could offer profits worth approximately $3.3 billion this year, with revenues expected to skyrocket to nearly $6 billion by 2027. Statista also found that the residents of the capital city, Delhi, are most likely to buy and hold digital currencies for the long term. Bengaluru, the largest city in the state of Karnataka, also has a significant number of HODLers.

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The average revenue per user in the Cryptocurrencies segment is expected to amount to US$21.28 in 2023. However, it is worth noting that the highest revenue is projected to be generated in the United States, with an estimated US$22.7 billion in 2023. The number of users in the Cryptocurrencies segment is anticipated to reach 191.8 million users by 2027, with user penetration expected to hit 13.1% by then.

The uncertainty in the traditional finance system and the search for higher profits are the primary driving factors pushing Indians toward the digital asset field. With a thriving crypto ecosystem, India has become an attractive market for cryptocurrency exchanges and blockchain-based startups.

In conclusion, India’s crypto community is poised for exponential growth in the coming years, as more Indians seek to diversify their investment portfolio and capitalize on the potential of digital assets.

#India #Bitcoin #crypto #BTC #azcoinnews

This article was republished from azcoinnews.com

The Indian government has collected over $19 million in tax revenue for the fiscal year 2023, according to recent reports. This comes after the Union Budget 2022-2023 proposed a 1% TDS (tax deducted at source) on cryptocurrency transactions, in addition to the existing 30% tax on income from such transactions.

The 30% tax law came into effect in India on April 1 under section 194S of the Income Tax Act of 1961, while the TDS tax was implemented in July 2022.

As of March 20, the total direct tax collection by the government was 157.9 crore Indian rupees (~$19.2 million).

At a recent event, India’s Minister of Information Technology, Rajeev Chandrasekhar, declared that the country does not want to stifle innovation. However, he emphasized the need to protect national security and intelligence objectives while ensuring convenience in business and everyday life.

Chandrasekhar also highlighted the Indian government’s unique position regarding all internet-related issues, including web3 and blockchain. He stated that the government is highly encouraging innovation.

India’s central bank has often emphasized the potential financial stability risks that cryptocurrencies could pose, even as it proposed banning them as an asset class.

Overall, the Indian government’s tax collection from cryptocurrency transactions demonstrates its growing focus on the regulation of digital assets, as well as its recognition of their importance in the modern financial world.

#India #Tax #bitcoin #BTC #azcoinnews

This article was republished from azcoinnews.com

Over the past six years, India has witnessed a significant increase in the number of crypto investors. Despite the Indian government’s negative stance on crypto, the rise in the number of crypto investors can be attributed to several factors, including the rise of Fintech companies, adoption of mobile technology, and the increasing use of digital payments.

According to a report released by BitcoinCasinos.com, the crypto market in India is expected to reach $3.3 billion in transactions by 2023, with 156 million crypto users in the country. The report also predicts that India will have five times more crypto users than the US by 2023.

Despite being far behind in terms of crypto transaction value, Nigeria, Pakistan, and Vietnam are projected to have a significantly higher number of crypto users compared to other top markets. According to Statista, Nigeria is expected to have around 12 million crypto users in 2023, which is nearly equivalent to the combined number of crypto users in Russia and the UK. Pakistan and Vietnam are predicted to follow, with approximately 6 million crypto owners each.

Number of users in the five largest crypto markets in 2023 (in millions) | Source: Statista

The growth of the crypto industry in India can be attributed to the rise of Fintech companies that use blockchain technology to innovate and provide financial services. This has resulted in an increase in the use of crypto in peer-to-peer payments, cross-border transactions, and online payments. Additionally, the rise of mobile technology has helped build a large digital payment user base, making it easier for Indians to transact with crypto.

Over the past few years, the crypto market has gained significant momentum and is now being widely used as a means of exchange and storage of value. Global crypto transactions are expected to reach approximately $43 billion, marking a 24% increase from last year’s $34.3 billion. However, the exact value of crypto transactions worldwide may fluctuate due to market fluctuations, global adoption rates, and regulatory developments.

Transaction value in the five largest crypto markets in 2023 (in billion U.S. dollars) | Source: Statista

Crypto also makes digital transactions safer and more convenient, which has attracted more users to the platform. Despite the growing popularity of crypto in India, the government has not yet legally supported the industry. In 2018, the Reserve Bank of India (RBI) issued a circular banning banks from engaging in crypto, leading to a sudden drop in the value of crypto in India. However, the Indian Supreme Court lifted the ban in March 2020, leading to the resumption of crypto transactions.

The COVID-19 pandemic has also played a significant role in the growth of the crypto market in India. With the pandemic affecting the country’s poor financial infrastructure, more people have turned to crypto as an alternative mode of payment. As a result, the number of crypto users in India has increased by 760% between 2017 and 2022, reaching 134 million.

According to Statista, global adoption of cryptocurrencies is expected to continue its upward trend. As of last year, there were 257.2 million crypto users worldwide, which represents 3.2% of the global population. This figure is projected to rise to 293.7 million by 2023.

More than half of the global crypto users in 2023, at 53%, will be based in India. In contrast, the United States, which is the world’s largest crypto market, will account for less than 10% of the global crypto user count.

India is expected to see significant growth in its number of crypto users in the coming years. By 2027, the number of people using or owning digital coins in the country is predicted to rise by 22% to 191 million. Meanwhile, the United States is forecast to experience much smaller growth at 7%, with the number of crypto users rising to 31.2 million.

With the rise of crypto users in India, crypto could become an important part of the country’s economy in the future. However, the government needs to address the regulatory concerns surrounding the industry to ensure its sustainable growth. As the number of crypto investors continues to grow in India, it will be interesting to see how the market develops in the coming years.

#India #IndiaCryptoRegulations #US #USA #azcoinnews

This article was republished from azcoinnews.com