{"id":66795,"date":"2022-08-28T09:00:58","date_gmt":"2022-08-28T09:00:58","guid":{"rendered":"https:\/\/www.cryptocabaret.com\/?p=66795"},"modified":"2022-08-28T09:00:58","modified_gmt":"2022-08-28T09:00:58","slug":"binance-to-help-south-korean-city-of-busan-grow-crypto-adoption-develop-blockchain-ecosystem","status":"publish","type":"post","link":"https:\/\/www.cryptocabaret.com\/?p=66795","title":{"rendered":"Binance to Help South Korean City of Busan Grow Crypto Adoption, Develop Blockchain Ecosystem"},"content":{"rendered":"

\"Binance<\/p>\n

Binance is helping the South Korean city of Busan \u201cgrow crypto adoption within the city and beyond.\u201d The global crypto exchange will also support the development of the city\u2019s blockchain ecosystem and the Busan Digital Asset Exchange. <\/strong><\/p>\n

Binance Signs MOU With Busan City<\/h2>\n

Cryptocurrency exchange Binance announced Friday that it has signed a Memorandum of Understanding (MOU) with Busan Metropolitan City. Busan, located on the southeastern tip of the Korean peninsula, is the second largest city in South Korea with approximately 3.4 million residents.<\/p>\n

\u201cAs part of the agreement, the city of Busan will receive technological and infrastructure support from Binance for the development of the city\u2019s blockchain ecosystem and promotion of the Busan Digital Asset Exchange,\u201d Binance explained.<\/p>\n

\u201cAnother form of cooperation between the two parties will be order book sharing,\u201d the company added, noting that it will be establishing a presence in Busan by the end of the year.<\/p>\n

Binance CEO Changpeng Zhao (CZ) said: \u201cWe are happy to be working with the city of Busan to bring tangible blockchain-related developments that benefit and support the city\u2019s innovation efforts.\u201d The executive opined:<\/p>\n

\n

Through our industry-leading position and technological expertise, combined with the city of Busan\u2019s strong support for the blockchain industry, we hope to help grow crypto adoption within the city and beyond.<\/p>\n<\/blockquote>\n

\u201cWe look forward to our close cooperation with the city to support the establishment of digital asset exchanges and various blockchain industries,\u201d Zhao added.<\/p>\n

The mayor of Busan, Heong-Joon Park, commented:<\/p>\n

\n

With this agreement, we are one step closer to establishing the Busan Digital Asset Exchange as a global integrated platform for digital assets.<\/p>\n<\/blockquote>\n

\u201cBy making Busan a blockchain-specialized city that is attracting worldwide attention, we will boost a new growth engine for the local economy and make it a global digital finance hub,\u201d he further said.<\/p>\n

What do you think about Binance working with the city of Busan to grow crypto adoption? Let us know in the comments section below.<\/strong><\/em><\/p>\n

Powered by WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

Binance is helping the South Korean city of Busan \u201cgrow crypto adoption within the city and beyond.\u201d The global crypto exchange will also support the development of the city\u2019s blockchain ecosystem and the Busan Digital Asset Exchange. Binance Signs MOU With Busan City Cryptocurrency exchange Binance announced Friday that it has signed a Memorandum of […]<\/p>\n","protected":false},"author":2,"featured_media":66796,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[309],"tags":[],"class_list":["post-66795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/66795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=66795"}],"version-history":[{"count":0,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/66795\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/media\/66796"}],"wp:attachment":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=66795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=66795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=66795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}