Binance will offer free blockchain courses to rural women in Morocco

Seduction operation under the pretext of charitable activities? Three months after his whirlwind visit to Morocco, billionaire Changpeng Zhao (aka CZ), founder and president of Binance, is implementing through his philanthropic branch Binance Charity an international outreach program for the benefit of women in vulnerable communities that includes the Kingdom.

Binance, the largest cryptocurrency exchange platform in the world, through its philanthropic arm Binance Charity and the NGO Women in Tech, have partnered to offer blockchain training courses to “2,800 women from vulnerable communities in Brazil and Africa”.

The organization’s ambition is to provide more women with blockchain career opportunities.

Despite the growth in the size of the global blockchain market, which is expected to grow from $ 2.93 billion (MM $) in 2021 to around $ 200 million by 2028, the gender gap in technology has been widening over the past four decades. , with only one in five women working in the industry today, says the charity headed by Helen Hai, who is also a vice president of Binance.

Binance Charity made an official $ 250,000 BUSD donation to fund a six-month pilot project aimed at giving women the knowledge and skills to thrive in a blockchain and Web3 future.

Courses will be offered in classes of 25 to young women aged 15 to 25 by qualified trainers in person, online or in hybrid mode. Web3 courses will be designed by Binance Academy and adapted to the local context. The courses will include the fundamentals of cryptocurrency and blockchain, decentralization, Web3 and Metaverse.

The courses will be designed for absolute beginners and will include skills such as web development, front-end development, full-stack development, and Blockchain modules.

The first courses will begin in Rio de Janeiro, Brazil, and Cape Town, South Africa, in October of this year.

It will be distributed within six months in Morocco, Zambia, Nigeria, Senegal, Burundi, Kenya, Ghana and Ivory Coast.

An exploratory journey by CZ in Morocco …

Last July, Changpeng Zhao (aka CZ), founder and president of Binance, made a discreet trip to Morocco. The Sino-Canadian fintech billionaire had met Abdellatif Jouahri, the governor of the central bank, representatives of the Ministry of Economy and Finance, the regulator of financial markets AMMC, the Foreign Exchange Office and a panel of private bankers in Rabat.

Binance’s entry into the African and South American markets under the pretext of charitable incentive operations coincides in Morocco with the gestation of a bill aimed at regulating the use of cryptocurrencies as recently confirmed by the wali of Bank Al Maghrib. Several aspects will be taken into consideration for the drafting of this bill, in particular the global experiences on the subject, noting that benchmarking is underway with the International Monetary Fund (IMF) and the World Bank to carry out the necessary consultations. in this direction.

Jouahri also noted that this regulatory framework will also make it possible to update the legislation relating to the fight against money laundering and the financing of terrorism. It should be noted that some experts are advocating international regulation in relation to the use of digital currencies.

It should be remembered that BAM, Finance and AMM have drawn public attention to the risks associated with the use of virtual currencies, mainly the lack of consumer protection, the volatility of the exchange rate of these virtual currencies against a fiat currency. , as well as the use of such currencies for illicit or criminal purposes, in particular money laundering and terrorist financing.

Despite maintaining the ban on the use of virtual currencies, Morocco holds the 24th position in the world in 2021 in their use, and in particular Bitcoin, according to a report by Triple A, a research platform on cryptocurrencies.

© ️Copyright Pulse Media. All rights reserved.
Reproduction and distribution (photocopies, intranet, web, messaging, newsletters, monitoring tools) without written authorization is prohibited

Leave a Comment