Home Blockchain Binance Signs Memorandum of Understanding with Busan City to Foster Development of Blockchain Industry

Binance Signs Memorandum of Understanding with Busan City to Foster Development of Blockchain Industry

Binance Signs Memorandum of Understanding with Busan City to Foster Development of Blockchain Industry

BUSAN, South Korea, August 26, 2022 /PRNewswire/ — Binancethe world’s leading blockchain ecosystem behind the largest cryptocurrency exchange by trading volume, today announced the signing of a Memorandum of Understanding (MoU) with the Busan City in South Korea.

As part of the agreement, the Busan City will receive technological and infrastructural support from Binance for the development of the city’s blockchain ecosystem and the promotion of the Busan Digital Asset Exchange. Another form of cooperation between the two parties will be the sharing of order books.

Binance plans to develop and foster Busan City’s blockchain sector in several ways:

  • Using Busan blockchain regulation free zone to promote blockchain initiatives and businesses.
  • Support blockchain-related research and investments in the city.
  • Provide specialized blockchain training and online resources from Binance Academy.
  • Advance initiatives that promote the well-being of society through Binance Charity.
  • Help in the organization of the Blockchain Week in Busan in 2022 (BWB 2022).

Additionally, Binance has stated that it will establish a presence in Busan by the end of the year, which should serve as a driving force for the city to become one of the East Asia the most dynamic digital hubs.

CZ (Changpeng Zhao), CEO and Founder of Binance, said, “We are pleased to be working with the Busan city bring tangible blockchain-related developments that benefit and support the city’s innovation efforts. With our industry-leading position and technology expertise, combined with the Busan City 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.”

Heong Joon ParkMayor of Busansaid, “With this agreement, we are one step closer to establishing the Busan Digital Asset Exchange as a global integrated platform for digital assets.”

“Doing Busan a blockchain city that is attracting global attention, we will spur a new engine of growth for the local economy and make it a global center for digital finance,” he added.

About Binance

Binance is the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider with a suite of financial products that includes the largest digital asset exchange by volume. Trusted by millions around the world, the Binance platform is dedicated to increasing freedom of money for users and offers an unparalleled portfolio of crypto products and offerings, including: trading and finance, l education, data and research, social good, investment and incubation, decentralization. and infrastructure solutions, and more. For more information visit: https://www.binance.com.

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