Changpeng Zhao, the chief executive officer of Binance, says that education plays a significant role in offering a safer and broader adoption of blockchain technology. The CEO stressed the consumers’ education regarding this sector while giving in a crucial speech at Busan-based Blockchain Week on Thursday.
Binance CEO Changpeng Zhao Says Education Offers the Supreme Measure for Protection in Blockchain World
He stated that blockchain technology has a considerably huge influence worldwide within as well as outside the tech sector. Zhao added that because of this technology the operation and formation of business models have changed to a great extent. As per him, this is the reason why the platform is taking endeavours to spread education among the people regarding this venue.
Zhao focused that education counts as the finest customer protection measure. In the words of the executive, diverse programs like Binance Masterclass and Binance Academy have taken the responsibility to enhance the educational level of the venue’s consumers regarding blockchain technology in an attempt to enable them to keep their wallets in a safe position.
Apart from that, Changpeng Zhao (CZ) declared that the crypto exchange platform recently inked contracts with 3 universities based in the South Korean jurisdiction to conduct educational seminars as well as internships. Binance secured the position of being the initial crypto exchange across the globe to have inked a memorandum of understanding (MoU) with the 2nd biggest city in South Korea named Busan.
This is to assist the city in constructing its earliest city-backed exchange of cryptocurrency along with promoting the native sector of blockchain. The firm is additionally attempting to create a workplace in Busan city. However, it does not have any strategy to again become a part of the crypto market of South Korea which it left in the previous year. This was the time when the regulatory agencies of the country implemented an outright prohibition over the foreign exchange platforms offering their services to investors within the country’s jurisdiction.
Leon Foong, APAC’s head, was of the view that their initial preference is to be more focused on the layer of education. In his words, they are always trying to explore more swiftly. Binance, which is also considered to be the biggest crypto exchange around the world in terms of trading volume, has started several collaborations with diverse jurisdictions around the world. Foong gave his speech in advance of the Binance CEO at the respective event.
Central Bank of Kazakhstan to Utilize BNB Chain for Its CBDC Project
He moved on to reveal that the central bank of Kazakhstan is making its way to constructing a central bank digital currency (CBDC) to operate within the jurisdiction while utilizing the BNB Chain of Binance platform. Kazakhstan authorities have awarded a licence to Binance to provide services. To share this news, Zhao took to his official account on the social media giant ‘Twitter’ on Thursday morning.