The Prime Minister of Bermuda, David Burt and the head of the cryptocurrency exchange Chanpen Zhao signed a Memorandum of understanding.

Live Video: The Premier of Bermuda, David Burt, signs an MOU and partnership with Binance to promote future growth, jobs and opportunities for the people of Bermuda. @BermudaPremier @cz_binance

— Binance (@binance) 27 quinia 2018 R.

Under the Memorandum, the charity Binance will allocate $10 million to various educational programs devoted to the technology of the distributed registry. The Foundation also invests $5 million into the local blockchain startups.

In addition, Binance will help the Bermuda government to develop a legal framework for the blockchain and cryptocurrency. Also on this overseas territory of great Britain will soon open an office Binance.

Chanpen Zhao said that the government and the regulatory authorities of Bermuda are “among the most friendly on the planet” and expressed confidence that his company will also help develop the local economy.

With the opinion of Zhao agreed the head of the government of Bermuda David Burt. In particular, he expressed confidence that the partnership with Binance will create new jobs and will initiate the development of an effective regulatory framework that will encourage technological innovation.

During the press conference Chanpen Zhao also mentioned a recent lawsuit Sequoia Capital in respect of Binance.

“The Supreme court of Hong Kong has already rejected it and ordered Sequoia to pay our legal costs”, — said the head of the popular crypto currency exchange.

Also this week Binance announced a partnership with blockchain-Crypto Savannah community, aimed at supporting economic reforms and creating jobs for young people in Uganda.

CZ and He Yi made an appearance on UBC Lunchtime News. Discussing how Binance can support Uganda”s economic transformation and youth employment through the blockchain.
Watch it here

— Binance (@binance) 26 quinia 2018 R.

According to Zhao, his company will help attract investment in this African country.

Also recently, popular cryptocurrency exchange has added into the listing of tokens Golem (GNT) available in the trading pairs and bitcoin and Ethereum.

#Binance Lists #Golem ( $GNT )

— Binance (@binance) 27 quinia 2018 R.

Recall that a month ago the exchange Binance announced the opening of offices in Malta.