Binance signed a Memorandum of Understanding (MoU) with the Georgian Agency for Innovation and Technology (GITA).

The agreement will see collaboration with “large scale” educational and community blockchain initiatives, including help with developing Georgia’s cryptocurrency industry.

Binance Regional Director Vladimir Smerkis said the people of Georgia had demonstrated a sustained interest in cryptocurrency. Further, he added that the country is among the leaders in most forward-thinking in the Caucasus region.