Binance, the world’s largest cryptocurrency exchange, has signed an agreement with Georgia’s Agency for Innovation and Technology (GITA). The partnership aims to collaborate on educational and community initiatives in the blockchain industry and to support the growth of Georgia’s cryptocurrency industry.
The agreement between Binance and Georgia’s Agency for Innovation and Technology (GITA) resulted from a meeting between Binance CEO Changpeng Zhao and Georgia’s Prime Minister Irakli Garibashvili. The cooperation will involve projects from Binance Academy organizing local events and hackathons through BNB Chain.
According to Binance’s Regional Director, Vladimir Smerkis, the two organizations’ goals align, and they aim to create an effective system for innovation and technology development in Georgia. Smerkis also mentioned that there had been a significant interest in the cryptocurrency market and education in Georgia, which is one of the most innovative countries in the region.
GITA’s Chairman, Avtandil Kasradze, highlighted that the blockchain-focused workshops to be held in Georgia’s tech parks would aid in the creation of new startup concepts and implement commercially focused projects.
This is not the first time Binance has made an educational push in Georgia, a crypto-friendly nation aiming to modernize its digital asset regulations and legalize the industry. In January, Binance signed a memorandum of cooperation with Georgia’s Business and Technology University (BTU) to offer blockchain education to students. Binance Academy will supply blockchain, Web3, NFTs, and cryptocurrency educational resources.
Binance has pursued similar projects in other countries in Eastern Europe, the post-Soviet region, and the Caucasus area to increase its presence in the region. In December, the international cryptocurrency company established a blockchain education program in universities in Kazakhstan and offered to assist Azerbaijan in adopting crypto regulations.
