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Digital Asset Exchange BINANCE has agreed to help Georgia develop its cryptocurrency industry through educational initiatives and other blockchain. The main exchange of coins expanded its presence in the region with similar projects in other countries.
Binance and Georgian Tech Agency to develop together the crypto economy of the country.
The world’s largest cryptocurrency exchange, Binance, announced the signing of a memorandum of understanding with Georgia’s Agency for Innovation and Technology (GITA). It is the intention of the Parties to work together to implement educational and community initiatives in the blockchain space and to develop the nation's crypto industry.
The agreement comes after a meeting between the CEO of the changpeng zhao trade platform and the Iraqi Prime Minister garibashvili in November, at which the investments were also discussed. The cooperation will cover projects at the same time by binance academy and binance charity as well as the organization of local events and hackathons by hain, a detailed press release.
Our objectives are consistent with the objectives of the Georgian Agency for Innovation and Technology, together, we can build a system that works in Georgia, where innovation and technology can be developed', the Regional Director for Binance vladimir smerkis was cited as a declarant. He also noted:
For a long time, we have seen a huge interest in the cryptocurrency market and in particular, crypto education in Georgia. I would like to point out that Georgia is one of the countries in the region that is most focused on innovation.
GITA Chairman Avtandil Kasradze pointed out that the blockchain-related hackathons and workshops that will be held in Georgia’s tech parks will facilitate the formation of new startup ideas and the implementation of projects oriented towards commercialization.
This is not Binance’s first educational initiative in Georgia, a crypto-friendly destination that plans to update its digital asset regulations and legalize the industry. In January, the exchange announced the signature of a cooperation protocol with the country's University of Business and Technology (btu) to provide blockchain education to its students. Binance academy will supply educational material about blockchain, web3, nfts, and cryptocurrency.
Binance has been engaged in similar initiatives in other countries in Eastern Europe, the post-Soviet space, and the Caucasus region as part of its focus on expanding presence in the region. In December, the global crypto firm launched a blockchain education program in Kazakhstan’s universities and to help Azerbaijan in efforts to adopt crypto regulations.
Do you think education projects are supporting broader cryptocurrency adoption in new markets? Reflect on the topic in the comments section below.
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