The largest cryptocurrency exchange by trading volume, Binance has partnered with Global Fintech Institute (GFI) to foster fintech education, professional development and innovation. The exchange confirmed the development in a blog post on its website, stating that over 500 professionals will be awarded scholarships.
It is worth noting that the partnership between Binance and the Global Gintech Institute was first announced at the GFTN forum in Japan. As revealed, the partnership seeks to furnish professionals with the skills needed to thrive in an era characterized by artificial intelligence (AI), blockchain, and evolving financial regulations.
Binance plans to award over 500 scholarships to support professionals in enhancing their skills in the Crypto Regulation and Compliance course offered by GFI. The course is also designed to meet the need of professionals on regulatory bodies, financial institutions, and compliance roles. The program would also avail regulators and compliance professionals with a comprehensive understanding of blockchain, cryptocurrency, and financial regulations.
Crafted by leading industry experts, the 16-hour online program would give insight on key areas in the industry. Some of these areas include AML/KYC compliance, financial crime prevention, blockchain forensics, cross-border regulatory frameworks, and RegTech solutions, among others.
Binance CEO gives his insight on the partnership
Meanwhile, the CEO of Binance, Richard Teng has reacted to the partnership. The exec revealed the exchange’s excitement to partner with GFI to advance fintech education in this emerging era of AI and cryptocurrency. He highlighted the importance of education in bridging the gap between blockchain and cryptocurrency. Also, the CEO added that as more people continue to show interest in cryptocurrency, demand for crypto-related courses like this would continue to rise.
Similarly, the founding chairman at GFI, Professor David Lee also reacted to the partnership, stating that there’s urgent need for structured fintech education and informed policy discussion as AI, blockchain and digital assets continue to transform. He also pointed out the need for professionals, regulators, and institutions to stay ahead of these emerging trends to ensure financial stability, security, and innovative development. The chairman also acknowledged Binance’s role in allowing GFI to expand its educational programs, promoting industry-wide collaboration.
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