Binance signs agreement with Busan, South Korea to develop blockchain infrastructure

Binance signs agreement with Busan, South Korea to develop blockchain infrastructure

Global cryptocurrency exchange Binance has signed an agreement with the city of Busan, South Korea to help develop the city’s blockchain infrastructure and support its efforts to boost crypto adoption and business development.

“We are happy to be working with the City of Busan to bring tangible blockchain-related developments that benefit and support the city’s innovation efforts,” Binance CEO Changpeng Zhao said in a statement. “Through our industry-leading position and technological expertise, combined with the City of Busan’s strong support for the blockchain industry, we hope to help grow crypto adoption within the city and beyond.”

Binance is also helping the city establish digital asset exchanges within the city through its “regulatory-free zone.”

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