Crypto Exchange Binance to Help S. Korean City of Busan Develop Its Blockchain Industry
Binance will provide services and education to support the city's blockchain development.
Aug 26, 2022 at 4:33 a.m. UTC:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/F4Q6HFL6PVBGFDXEQWH2POVTEM.jpg)
Busan City, South Korea (Getty Images)
Greg Ahlstrand is CoinDesk's Asia News Editor. Greg has no significant crypto holdings.
Binance, the biggest cryptocurrency exchange by trading volume, signed a Memorandum of Understanding (MoU) with Busan, South Korea, to help the city develop its blockchain ecosystem and promote the Busan Digital Asset Exchange, Binance said Friday.
- The MoU includes several services and technological help.
- Binance will provide Busan with technological and infrastructure support for the development of the city's blockchain ecosystem, promotion of the Busan Digital Asset Exchange and order book sharing.
- Binance will use Busan's blockchain regulatory-free zone to promote blockchain initiatives and businesses, and provide specialized blockchain education and online resources from Binance Academy.
- Binance said that it will establish a presence in Busan by the end of the year.
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Greg Ahlstrand is CoinDesk's Asia News Editor. Greg has no significant crypto holdings.
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Greg Ahlstrand is CoinDesk's Asia News Editor. Greg has no significant crypto holdings.
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