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Usha Yadav
Aug 26, 2022
by Usha Yadav

Binance Signs MoU With The City Of Busan In South Korea

Binance

Table of contents

  1. Binance To Support Busan's Interest In Blockchain Technology
According to today's announcement by the world's largest blockchain ecosystem, a Memorandum of Understanding (MoU) has been signed between Binance and the South Korean city of Busan. Following the agreement, Binance will provide technical and infrastructure support to the City of Busan to grow the city's blockchain ecosystem and advertise the Busan Digital Asset Exchange. Order book sharing is yet another way that the two parties will work together.

Speaking about the same, the Mayor of Busan, Heong-Joon Park, said, with the signing of this agreement, the Busan Digital Asset Exchange will be one step closer to becoming a globally connected platform for digital assets. Busan will become a hub for global digital finance by becoming a city with a blockchain-focused economy that attracts international attention.

Binance To Support Busan's Interest In Blockchain Technology

The company plans to support blockchain activities and business using Busan's regulatory-free zone. The crypto exchange would support all blockchain-related research in the area. The list also included spreading technological literacy among the populace and launching programs through the Binance Charity to sustain societal well-being.

Furthermore, it should be emphasized that governments worldwide have begun to favor Binance. The exchange and the Philippine government teamed up earlier this week to introduce rules governing the crypto-verse. The business and Kazakhstan's Ministry of Digital Development inked a Memorandum of Understanding in May. The CZ-led exchange appears to be attempting to win over the entire world by dominating the cryptocurrency market.

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Binance Signs MoU With The City Of Busan In South Korea
Usha Yadav
Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

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