Binance and South Korea's Busan City Sign Memorandum of Understanding to Promote Blockchain Industry Development

On August 26, 2022, Binance, the world’s leading provider of crypto assets and blockchain infrastructure , today announced the signing of a Memorandum of Understanding (MoU) with the city of Busan, South Korea.

As part of the cooperation, the city of Busan will receive technical 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 is the sharing of order books.

Binance plans to promote the development of the blockchain industry in Busan in several ways:

  • Promote blockchain initiatives and businesses through the blockchain regulatory-free zone in Busan.
  • Support blockchain-related research and investment in the city.
  • Provides professional blockchain education and online resources from Binance Academy.
  • Promote the development of social welfare through Binance Charity.
  • Assisted in organizing the Busan Blockchain Week 2022 (BWB 2022).

Additionally, Binance said it will start business work in Busan by the end of this year, which is expected to propel the city into one of the most dynamic digital hubs in East Asia.

Binance is the world’s leading blockchain and crypto asset infrastructure provider with a range of financial products, including the digital asset trading platform with the highest trading volume.

Trusted by millions of users around the world, the Binance platform is committed to promoting the free flow of currency and has launched a series of powerful encrypted asset products, including: trading and finance, education, data and research, social welfare, investment and incubation, Decentralization and infrastructure solutions, etc.

Go to Binance’s Official Website