20:10 Wednesday , June 13th 2018

According to CCN news, Binance unveiled the plan in a joint statement with local organization Digital Jersey, adding that the two parties had signed a memorandum of understanding concretizing their plans to collaborate on initiatives designed to increase the Crown dependency’s status as a hub for blockchain development.



According to the statement, the Binance Foundation will provide training and other support to Jersey’s blockchain ecosystem, while Binance Labs will direct capital from its $1 billion venture fund toward local startups. Digital Jersey, in turn, will help Binance establish local banking relationships and achieve exchange licensing form the government