Home Blockchain Binance and the City of Busan Partner to Boost Blockchain Adoption

Binance and the City of Busan Partner to Boost Blockchain Adoption

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Binance and the City of Busan Partner to Boost Blockchain Adoption

Binance, one of the largest companies in the global blockchain ecosystem, today confirmed that it has in partnership with the city of Busan in South Korea to foster the adoption of innovative technologies in the South Korean city.

The city of Busan will receive technical support and infrastructure from Binance for the development of its blockchain ecosystem. Additionally, the city aims to promote the Busan Digital Asset Exchange to facilitate participants in the crypto economy.

By the end of this year, Binance plans to establish its presence in Busan. The crypto exchange has a strong presence in the Asian region.

Changpeng Zhao, CEO and Founder of Binance, said, “We are pleased to work with the city of Busan to bring concrete blockchain-related developments that benefit and support the city’s innovation efforts. With our industry-leading position and technological expertise, combined with Busan City’s strong support for the blockchain industry, we hope to help grow crypto adoption in the city and beyond. We look forward to our close cooperation with the city to support the establishment of digital asset exchanges and various blockchain industries.

Last month, Binance became the digital exchange with the largest Bitcoin assets. Moreover, the company received VASP registration in Spain during the same month.

South Korea

South Korea is one of the largest economies in Asia. The country is among the first to adopt crypto and blockchain technology in the world. With the recent partnership with Binance, the city of Busan plans to strengthen its position as a digital finance hub.

Heong-Joon Park, Mayor of Busan, said, “With this agreement, we are one step closer to establishing the Busan Digital Asset Exchange as a globally integrated platform for digital assets. Busan, a blockchain city that is attracting global attention, we will ignite a new engine of growth for the local economy and make it a global hub for digital finance.

Binance, one of the largest companies in the global blockchain ecosystem, today confirmed that it has in partnership with the city of Busan in South Korea to foster the adoption of innovative technologies in the South Korean city.

The city of Busan will receive technical support and infrastructure from Binance for the development of its blockchain ecosystem. Additionally, the city aims to promote the Busan Digital Asset Exchange to facilitate participants in the crypto economy.

By the end of this year, Binance plans to establish its presence in Busan. The crypto exchange has a strong presence in the Asian region.

Changpeng Zhao, CEO and Founder of Binance, said, “We are pleased to work with the city of Busan to bring concrete blockchain-related developments that benefit and support the city’s innovation efforts. With our industry-leading position and technological expertise, combined with Busan City’s strong support for the blockchain industry, we hope to help grow crypto adoption in the city and beyond. We look forward to our close cooperation with the city to support the establishment of digital asset exchanges and various blockchain industries.

Last month, Binance became the digital exchange with the largest Bitcoin assets. Moreover, the company received VASP registration in Spain during the same month.

South Korea

South Korea is one of the largest economies in Asia. The country is among the first to adopt crypto and blockchain technology in the world. With the recent partnership with Binance, the city of Busan plans to strengthen its position as a digital finance hub.

Heong-Joon Park, Mayor of Busan, said, “With this agreement, we are one step closer to establishing the Busan Digital Asset Exchange as a globally integrated platform for digital assets. Busan, a blockchain city that is attracting global attention, we will ignite a new engine of growth for the local economy and make it a global hub for digital finance.

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