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Binance to Support Georgia’s Crypto Industry Through Blockchain Education – Exchanges Bitcoin News
Digital asset exchange Binance has agreed to help Georgia develop its cryptocurrency sector by launching educational and other blockchain initiatives. The leading coin trading platform has expanded its presence in the region with similar projects in other countries.
Binance and the Georgian Tech Agency will jointly develop the country’s crypto economy
The world’s largest cryptocurrency exchange, Binance, announced the signing of a memorandum of understanding with Georgia’s Agency for Innovation and Technology (GITA). The sites intend to collaborate on the implementation of educational and community initiatives in the blockchain area and further development of the country’s crypto industry.
The agreement comes after a meeting between the trading platform’s CEO Changpeng Zhao and Prime Minister Irakli Garibashvili in November, where investments were also discussed. The cooperation will cover projects of both Binance Academy and Binance Charity, as well as the organization of local events and hackathons by BNB Сhain, a press release detailed.
“Our goals are in line with the goals of the Georgian Agency for Innovation and Technology – together we can create an efficient system in Georgia, where innovation and technology can develop,” said Binance Regional Director Vladimir Smerkis. He also noted:
For a long time we have seen a huge interest in the cryptocurrency market and especially crypto education in Georgia. I would particularly like to emphasize that Georgia is one of the most innovation-driven countries in the region.
GITA Chairman Avtandil Kasradze pointed out that blockchain-related hackathons and workshops that will be held in Georgia’s technology parks will facilitate the formation of new startup ideas and implementation of projects oriented towards commercialization.
This is not Binance’s first education initiative in Georgia, a crypto-friendly destination that plans to update its digital asset regulations and legalize the industry. In January, the exchange announced the signing of a cooperation agreement with the country’s Business and Technology University (BTU) to deliver blockchain education to its students. Binance Academy will offer educational materials on blockchain, Web3, NFTs and cryptocurrency.
Binance has been engaged in similar initiatives in other countries in Eastern Europe, the post-Soviet space and the Caucasus region as part of its focus on expanding its presence in the region. In December, the global crypto firm launched a blockchain education program at Kazakhstan’s universities and offered to help Azerbaijan in its efforts to adopt crypto regulations.
Do you think educational projects support wider use of cryptocurrencies in emerging markets? Share your thoughts on the topic in the comments section below.
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