Binance and the city of Busan are collaborating to increase blockchain adoption
Binance, one of the largest companies in the global blockchain ecosystem, today confirmed that it has partnered with the City of Busan in South Korea to drive the adoption of innovative technologies in the South Korean city.
The city of Busan will receive technical support and infrastructure from Binance for the development of the blockchain ecosystem. In addition, the city aims to promote the Busan Digital Asset Exchange to facilitate participants in the crypto economy.
By the end of this year, Binance plans to establish its presence in Busan. The crypto exchange has a strong presence in the Asian region.
Changpeng Zhao, CEO and founder of Binance, said: “We are excited to partner with the city of Busan to bring concrete blockchain-related developments that benefit and support the city’s innovation efforts. Through our industry-leading position and technological expertise, combined with the city of Busan’s strong support to the blockchain industry, we hope to help increase crypto adoption in the city and beyond. We look forward to our close collaboration with the city to support the establishment of digital asset exchanges and various blockchain industries.”
Last month, Binance became the digital exchange with the largest Bitcoin holdings. In addition, the company received VASP registration in Spain during the same month.
South Korea
South Korea is one of the largest economies in Asia. The country is among the earliest adopters of crypto and blockchain technology in the world. With the recent partnership with Binance, the city of Busan plans to strengthen its position as a digital financial hub.
Heong-Joon Park, the mayor of Busan, said: “With this agreement, we are one step closer to establishing the Busan Digital Asset Exchange as a globally integrated platform for digital assets. By making Busan a blockchain-specialized city that attracts all over world. attention, we will increase a new growth engine for the local economy and turn it into a global digital financial hub.”
Binance, one of the largest companies in the global blockchain ecosystem, today confirmed that it has partnered with the City of Busan in South Korea to drive the adoption of innovative technologies in the South Korean city.
The city of Busan will receive technical support and infrastructure from Binance for the development of the blockchain ecosystem. In addition, the city aims to promote the Busan Digital Asset Exchange to facilitate participants in the crypto economy.
By the end of this year, Binance plans to establish its presence in Busan. The crypto exchange has a strong presence in the Asian region.
Changpeng Zhao, CEO and founder of Binance, said: “We are excited to partner with the city of Busan to bring concrete blockchain-related developments that benefit and support the city’s innovation efforts. Through our industry-leading position and technological expertise, combined with the city of Busan’s strong support to the blockchain industry, we hope to help increase crypto adoption in the city and beyond. We look forward to our close collaboration with the city to support the establishment of digital asset exchanges and various blockchain industries.”
Last month, Binance became the digital exchange with the largest Bitcoin holdings. In addition, the company received VASP registration in Spain during the same month.
South Korea
South Korea is one of the largest economies in Asia. The country is among the earliest adopters of crypto and blockchain technology in the world. With the recent partnership with Binance, the city of Busan plans to strengthen its position as a digital financial hub.
Heong-Joon Park, the mayor of Busan, said: “With this agreement, we are one step closer to establishing the Busan Digital Asset Exchange as a globally integrated platform for digital assets. By making Busan a blockchain-specialized city that attracts all over world. attention, we will increase a new growth engine for the local economy and turn it into a global digital financial hub.”
