Binance and the Buenos Aires City Government said in a joint statement on Thursday that they are working together to promote smart cryptocurrency adoption.
The world’s largest cryptocurrency exchange by trading volume and Buenos Aires lawmakers said they will work together to educate users on how to use digital assets safely through programs, awareness campaigns and exclusive benefits.
Binance and the city government said they want to help “more citizens experience cryptocurrencies as tools of empowerment.”
“While the adoption of digital assets continues to expand globally, the need for responsibility and education also increases,” the announcement said. “The benefits of cryptocurrencies, such as financial inclusion, borderless transactions, and user empowerment, can only be fully realized if users understand how to manage them securely.”
According to the announcement, residents and local businesses will be encouraged to use digital assets.
Buenos Aires, the capital of Argentina, has a large crypto community, with people using stablecoins as a way to hedge against rising prices. Argentina has one of the highest inflation rates in the world. The country is one of several South American countries with increasing participation in digital asset trading and entrepreneurship.
Stablecoins are digital tokens that are typically pegged to the value of a fiat currency, such as the US dollar, and are purchased by some tech-savvy users to gain exposure to a more stable currency.
Earlier this year, Argentina faced a virtual currency controversy with its lawyers. submitted President Javier Millay faces criminal charges of fraud after promoting the ad. same corner It’s called Libra.
of SolanaPreviously, the value of the base token has skyrocketed crash hardand after many investors suffered losses, the president quickly sought to distance himself from it. Argentina’s anti-corruption authorities in June cleared President Javier Millay of any involvement in the coin’s debut, but a criminal investigation continues.
Meme coins are usually based on internet jokes and memes and are known for their extremely high volatility. In some cases, they can disappear quickly, and while traders can make a lot of money, they can also potentially cost a lot of money.
Neither the Buenos Aires government nor Binance responded immediately. decryption‘s Questions about whether new campaigns will educate the public about the potential dangers of crypto trading.
