Binance supports Georgia's crypto industry with blockchain formation-exchanges
Binance supports Georgia's crypto industry with blockchain formation-exchanges
The Digital Asset Exchange Binance has agreed to help Georgia to develop its cryptocurrency sector by starting education and other blockchain initiatives. The leadership Coin trading platform has expanded its presence in the region with similar projects in other countries.
Binance and the Georgian tech agency want to jointly develop the country's crypto economy
The world's largest cryptocurrency exchange Binance announced the signing of a declaration of intent to the Georgian agency for innovation and technology ( gita ). The pages intend to work together on the implementation of educational and community initiatives in the blockchain area and the further development of the country's crypto industry.
The agreement was reached after a meeting between the CEO of the Changpeng Zhao trading platform and Prime Minister Irakli Garibashvili in November, which also spoke about investments. The collaboration includes projects of both the Binance Academy and the Binance Charity as well as the organization of local events and hackathons through bnb сhain Press release detailed.
"Our goals agree with the goals of the Georgian agency for innovation and technology - together we can create an effective system in Georgia, which means that innovation and technology can be developed," was quoted by the regional director of Binance, Vladimir Skitis. He also noticed:
We have been seeing great interest in the cryptocurrency market for a long time and especially in the formation of crypto formation in Georgia. I would like to emphasize separately that Georgia is one of the most innovative countries in the region.
The Gita-Chair Avandil Kasradze pointed out that the blockchain-related hackathons and workshops that will take place in the technology parks of Georgia will facilitate the formation of new start-up ideas and the implementation of projects geared into commercialization.
This is not the first education initiative of Binance in Georgia, a crypto-friendly goal plans Update regulations for digital assets and legalize the industry. In January, the stock exchange announced the signing of a cooperation agreement with Business and Technology University (BTU) in the country to offer its students blockchain training. The Binance Academy will provide training materials to blockchain, web3, NFTS and cryptocurrency.
Binance has been involved in similar initiatives in other countries in Eastern Europe, in the Postsovyetic region and in the Caucasus region Expand presence in the region. In December the global crypto-company started a blockchain education program at Kazakhstan's universities and offered to support Azerbaijan in the introduction of crypto regulations.
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