Despite a number of regulatory setbacks this year, Binance, the world’s largest crypto exchange, has continued to lead progress in the blockchain and crypto field.
In collaboration with FranceFintech, Binance has unveiled a EUR100 million effort to strengthen France’s blockchain and crypto ecosystem. The “Objective Moon” program will focus on three major blockchain and cryptocurrency initiatives in France. The initiative will offer an online Education Program to cultivate crypto and blockchain talent in France, thanks to funding from Binance.
This educational program is a collaboration between Ledger, a wallet maker, and OpenClassroom. It will also concentrate on the creation of a Decentralized Ledger Technology (DLT) accelerator and a Binance Research and Development hub in France. Alain Clot, Chairman of France Fintech, commented on the development:
“France Fintech believes that France is uniquely positioned in terms of regulation, talent and expertise to be the leading player in Europe in the field of decentralized finance and we believe that the collaboration started with Binance today will allow the entire ecosystem to grow significantly in the coming years.”Related articleHere’s Why Shiba Inu ($SHIB) Doesn’t Need a Robinhood Listing Any Longer
The Objective Moon Accelerator, as previously stated, will focus on the development of a DLT ecosystem in France and Europe. Binance will be recruiting talent across France and Europe as part of developing the French Hub for Research and Development. Changpeng Zhao, the founder and CEO of Binance, stated:
“At Binance, we recognise the quality of French and European tech, crypto and blockchain talent, and we are convinced that with the launch of Binance’s major operations and investment in France, we can significantly contribute toward making France and Europe the leading global player in blockchain and crypto industry.”
Since Binance has been struggling to meet regulatory requirements, the latest approach may provide some respite for the cryptocurrency exchange in this area.