Binance corporate with Busan, Korea to develop blockchain infrastructure

Binance signs cooperation agreement with Busan, South Korea to help develop the city's blockchain infrastructure and crypto adoption.

In the announcement last night, CEO Changpeng Zhao announced that Binance has signed a memorandum of understanding (MOU) with the city of Busan, South Korea. Within the framework of the cooperation, the exchange will support the city to build a blockchain ecosystem and promote digital asset exchanges here.

Binance CEO said in the statement:

“We are delighted to be working with the city of Busan to bring tangible development to blockchain and support its innovation process. city. Through our industry-leading position and technology expertise, combined with Busan's strong support for the blockchain industry, we hope to help further promote cryptocurrency adoption here. "

Binance will also help the city set up digital asset exchanges, Busan mayor Park Heong-joon confirmed:

“With this agreement, we are one step closer. to the establishment of the Busan digital asset exchange as a globally integrated platform. By turning Busan into a blockchain city that is gaining worldwide attention, we will spur a new growth engine to the local economy and turn it into a financial hub. global digital.”

Binance plans to set up an office in Busan later this year, Chosun Ilbo Korea reported. Busan is a port city of about 3.4 million people and a popular tourist destination located in the southeastern region of the country.

It can be seen that, from the beginning of the year until now, in addition to winning licenses to operate in many regions such as France, Germany, Spain, Abu Dhabi, Bahrain, Dubai… Binance… has also emerged as a "favorite candidate" for governments. Earlier this week, the exchange won the support of the Philippine government after a long time struggling in this market. Back in May, Binance signed a memorandum of understanding (MOU) with the Ministry of Digital Development of the Republic of Kazakhstan, assisting the government in the development of legislative guidance and crypto regulatory policy. General, it looks like Binance is trying to garner global support to take over the crypto market.

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