cryptonews.net
Binance, the world's leading blockchain ecosystem behind the largest cryptocurrency exchange by trading volume, announced today that it has signed a Memorandum of Understanding (MoU) with the city of Busan in South Korea. As part of the agreement, the city of Busan will receive technology and infrastructure support from Binance to develop the city's blockchain ecosystem and promote the Busan Digital Asset Exchange. Another form of cooperation between the two parties will be the sharing of the order book.
Binance plans to grow and develop the blockchain sector of Busan City in several ways:
• utilizing Busan’s blockchain regulatory-free zone to promote blockchain initiatives and businesses;
• supporting blockchain-related research and investments in the city;
• providing specialized blockchain education and online resources from Binance Academy;
• advancing initiatives that promote societal well-being through Binance Charity;
• helping with the organization of Blockchain Week in Busan in 2022 (BWB 2022).
In addition, Binance said it will establish a presence in Busan by the end of the year, which is expected to serve as a driving force for the city to become one of East Asia's most vibrant digital hubs.
Image: Binance