Cryptocurrency exchange Binance announced on August 26 that it has signed a Memorandum of Understanding (MoU) with the city of Busan, South Korea, and said it will begin business work in Busan by the end of this year to help establish a digital asset exchange.
Coin's CEO, Chang-peng Cho, tweeted that he had met Mayor Park Hyung-jun in Busan and signed the first blockchain cooperation agreement between Coin and Busan, continuing to advocate for the adoption of blockchain.
Coin plans to promote the development of the blockchain industry in Busan in a number of ways:
The Promoting Blockchain Initiatives and Businesses through the Blockchain Unregulated Special Zone in Busan
The Supporting Blockchain-Related Research and Investment in Cities
The provides professional blockchain education and online resources from the Coin Academy
The Promoting Social Welfare through Currency Safety Charities
The Help Organize Busan Blockchain Week 2022 (BWB 2022)
Mr. Chiu Chang-peng, CEO and Founder of CoinSecure, said he is pleased to work with the City of Busan to support the city's innovation efforts and bring tangible and effective blockchain industry-related developments.
"Through Coin's industry-leading position and technical expertise, combined with Busan's strong support for the blockchain industry, we hope to be instrumental in driving the adoption of cryptocurrencies within and outside the city."
With this agreement, we are one step closer to establishing the Busan Digital Asset Exchange as a global digital asset consolidation platform," said Heong-Joon Park, Mayor of Busan. He added, "By establishing Busan as a blockchain-specialized city that attracts global attention, we will provide a new growth engine for the local economy and make it a global digital financial center."