Binance to Become a Blockchain Builder in Busan City

Биржа Binance подписала соглашение с городом Пусан (Южная Корея) Они будут развивать городскую блокчейн-систему

  • Binance Exchange signed an agreement with the city of Busan (South Korea)
  • They will develop the city blockchain system
  • This is a triumphant return of the brand after problems in the South Korean market

Binance signed the first Blockchain MoU with the South Korean city of Busan. This was announced by the CEO of the crypto exchange Changpeng Zhao.

The company will help the city build its blockchain ecosystem and develop the Busan Digital Asset Exchange.

As part of the partnership, Binance will provide this region with technology and infrastructure. They will also launch an educational program on blockchain. It includes online content and the Binance Academy internship course in partnership with Busan universities.

Another element of cooperation will be Binance’s investment, as well as charitable assistance from the Binance Charity.

Triumphant return to South Korea

Binance plans to open its office in Busan before the end of the year. Recall that a year ago the company left the South Korean market due to misunderstanding with local legislation. But the city of Busan provides a promising “loophole”, since it is a special economic zone with its own rules.

Binance today released an important piece of news regarding the Ethereum “merger”. They will suspend some ETH transactions for a while.

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