Binance to offer free blockchain courses to rural women in Morocco

A seduction operation under the guise of charity? Three months after his stormy visit to Morocco, billionaire Changpeng Zhao (aka CZ), the founder and president of Binance, through his philanthropic branch Binance Charity, is launching an international outreach program for the benefit of women from vulnerable communities, including the Kingdom.

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

The organization’s ambition is to provide more women with blockchain job 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 the technology is widening. only one in five women work in the industry today, according to the charity, led by Helen Hai, who is also vice president of Binance.

Binance Charity has made an official donation of $250,000 BUSD to fund a six-month pilot project that aims to equip women with the knowledge and skills to thrive in the future of blockchain and Web3.

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

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

The first courses are scheduled to start in October this year in Rio de Janeiro, Brazil, and Cape Town, South Africa.

Within six months, it will be deployed in Morocco, Zambia, Nigeria, Senegal, Burundi, Kenya, Ghana and Ivory Coast.

CZ exploratory trip to Morocco…

last July Changpeng Zhao (aka CZ), founder and president of Binance, took a discreet trip to Morocco. The Chinese-Canadian fintech billionaire met in Rabat, Abdellatif Jouahri, the governor of the central bank, representatives of the Ministry of Economy and Finance, the financial market regulator AMMC, the foreign exchange office and a panel of private bankers.

Binance’s entry into the African and South American markets under the auspices of charity incentive operations coincides with the period in Morocco of the Act on the Regulation of the Use of Cryptocurrencies as he should Wali of Bank Al-Maghrib recently confirmed. In the preparation of this bill, several aspects will be taken into account, especially the global experience in this area, with benchmarking in this direction with the International Monetary Fund (IMF) and the World Bank in order to carry out the necessary consultations.

Jouahri also noted that this regulatory framework will also make it possible to update anti-money laundering and anti-terrorist financing legislation. And note that some experts advocate international regulation in relation to the use of digital currencies.

It should be recalled that BAM, Finance and AMM alerted the public to the risks associated with the use of virtual currencieswhich mainly include insufficient consumer protection, the volatility of the exchange rate of these virtual currencies against the currency of legal tender, and the use of these currencies for illegal or criminal purposes, especially money laundering and terrorist financing.

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

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