Binance With Busan City Mayor to Sign MOU, Pushing Crypto Adoption

Binance With Busan City Mayor to Sign MOU, Pushing Crypto Adoption
  • Binance to Help Busan Develop Its Blockchain Industry.
  • CZ mentions that he is pleased to be partnering with Busan.
  • Binance will provide technical and infrastructure support to the City of Busan.

The largest cryptocurrency exchange by trading volume, Binance, the world’s leading blockchain ecosystem, announced today the signing of a Memorandum of Understanding (MoU) with the South Korean city of Busan.

Following the agreement, Binance will provide technical and infrastructure support to the City of Busan in order to foster the growth of the city’s blockchain ecosystem and the Busan Digital Asset Exchange.

According to CZ (Changpeng Zhao), the CEO and founder of Binance, “We are pleased to be partnering with the City of Busan to deliver concrete blockchain-related developments that advance and aid the metropolis’ efforts to foster innovation.”

He added that Binance hopes to contribute to the expansion of cryptocurrency use in the city and beyond through our technological know-how, industry-leading position, and the City of Busan’s huge backing for the blockchain industry. To assist the construction of digital asset exchanges and various blockchain sectors, we look forward to working closely with the city.

Binance in Busan would have an edge in encouraging fairness and transparency in operations, which are lacking on current cryptocurrency exchanges because of speculative activities. Choi Hwa-in, an advisor to the Financial Supervisory Service’s blockchain development forum, stated that effective operation would be a challenge for exchanges run by a government, whether regional or central.

Tags:
disclaimer read more

Crypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.

Godfrey Mwirigi is an enthusiastic crypto writer with an interest in Bitcoin, blockchain, and technical analysis. With a focus on daily market analysis, his research helps traders and investors alike. His particular interest in digital wallets and blockchain aids his audience in their day-to-day endeavors.

programmer & freelance writer