Binance Signs Memorandum of Understanding with Kazakh Authorities

Home / Binance Signs Memorandum of Understanding with Kazakh Authorities

Kazakhstan President Kassym-Zhomart Tokayev met with Changpen Zhao, founder and CEO of the world’s largest cryptocurrency exchange Binance.
During the meeting the prospects of long-term cooperation between specialized structures of Kazakhstan and Binance in the field of digital finance, implementation of joint educational programs in the field of blockchain technologies, as well as issues of creation of a regional hub of the cryptoindustry in Kazakhstan were discussed.
At the end of the meeting, the Memorandum of Cooperation between the Ministry of Digital Development, Innovation and Aerospace Industry and Binance was signed in the presence of the President.

Under the agreement, the ministry and the exchange will seek opportunities to integrate banking infrastructure into the cryptocurrency market, as well as promote the development and implementation of distributed registry technology.

The representatives also agreed to support the Astana Hub among local and international talents. This will create a regional blockchain hub.

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