The largest cryptocurrency exchange in the world, Binance, is starting an education program in Kazakhstan. According to a press release issued on Tuesday, the trading platform is getting ready to offer blockchain training to more than 40,000 students at universities and colleges across the Central Asian country by 2026.
Binance is working on the project in collaboration with the Ministry of Digital Development, the Ministry of Education, and the Blockchain Center research lab, which was founded by the Center for the Development of Payment and Financial Technologies of the National Bank of Kazakhstan (NBK) and the Astana International Financial Centre (AIFC).
Zhaslan Madiyev, general manager of Binance Kazakhstan, signed a memorandum of collaboration with various government agencies outlining the project’s terms. In accordance with the agreement, the exchange will offer assistance and instructional materials for the fundamental course on compliance and blockchain technology.
The release added that Kazakhstan is now one of the first nations to include a blockchain curriculum in university educational programs. The participants envision that “professionals with an understanding of blockchain, digital assets, and compliance will become a resource for the global blockchain business.” Binance’s regional head for Asia, Gleb Kostarev, commented:
“We support Kazakhstan’s goal to become a leading player in digital technologies, which would not be possible without increasing education and blockchain adoption around the country.
The idea grew out of a meeting between President Kassym-Jomart Tokayev and the founder and CEO of Binance, Changpeng Zhao, in May of this year. In October, Binance made the government of Kazakhstan an offer to assist in the “safe growth” of the nation’s crypto industry.
Binance received authorization to run as a supplier of cryptocurrency exchange and custody services out of the Astana financial center in October as well. Kazakhstan is the subject of attention because, following Chinese authorities’ crackdown on the mining sector in 2021, it has emerged as a key mining hub. Its government has been attempting to control the cryptocurrency industry.