This week, Binance participated and sponsored Blockchain.RIO, the largest blockchain and digital finance event in Latin America.
The event took place between the 24th and 25th of July, in the city of Rio de Janeiro, and brought together professionals who are strongly involved in promoting blockchain technology and the future of money.
In addition to Blockchain.RIO, this year, Binance also participated in WebSummit, another major technology event.
Check out the main insights into everything that happened!
Event for blockchain and digital finance industry leaders
The event for the general public began on the 24th of July, but, on the 23rd, Binance was the sponsor of a meeting, at Casa Camolese, which brought together the main leaders of the blockchain industry and digital finance.
The objective of the event was to promote enriching conversations about the industry in general and shed light on the sector's main challenges.
The moment was opened by Guilherme Nazar, regional vice president for Latin America at Binance, who recalled that, today, more than 560 million people are part of the world of cryptocurrencies, with this amount being 210 million are on the Binance platform.
The executive commented on the great drivers that make people decide to be part of this universe, such as the fact that it is an easier, faster, cheaper and more independent way to invest, in addition to the possibility of transferring resources, paying for purchases and any type of consumption anywhere in the world. To this end, the role of Binance and other leaders in the sector is to allow crypto products and services to be more efficient and intuitive, and with security similar - or even greater - to what already exists in the traditional financial market.
The event was also attended by the president of the Central Bank, Roberto Campos Neto, and senator Flávio Arns, who have been carrying out important work for the development of the crypto industry in the Brazilian scenario.
Chat with Guilherme Nazar and Flávia Jabur
On July 24th, Guilherme Nazar spoke to the Blockchain.RIO audience, in the company of Flávia Jabur, journalist and specialist in tokenization of real world assets (RWA - Real World Assets ).
The chat covered some of the main topics of Binance and the crypto industry.
7 years of history and more than 200 million users
2024 was a year full of milestones for cryptocurrencies and Binance.
This year, the Bitcoin paper will complete 15 years, since its launch on October 31, 2008, the fourth Bitcoin Halving was consolidated, BTC and ETH ETFs were approved in the USA and the industry has reached increasingly greater levels and with little contraction, even in times of lower prices.
Furthermore, in June 2024, one month before Binance completed 7 years on the market, we reached 210 million users on the platform.
The 3 most important pillars in the foundations of the crypto industry
Guilherme Nazar presented to the public the three pillars that Binance considers essential for the crypto industry to increasingly consolidate.
1. Security
The first pillar is user security, which is a priority for Binance. Among the various processes and tools that are developed on our platform daily, one of the highlights is Proof of Reserves, which, as the name suggests, provides proof of the user's assets in custody .
Furthermore, we take our responsibility seriously and guarantee the backing of users' assets in a 1:1 ratio. This means that, at any time, regardless of the flow and volume of demand, users' resources will be guaranteed and can be withdrawn or moved.
Last but not least, we also have the SAFU Fund, which is an emergency fund that offers protection to Binance users and their resources in extreme situations and which, currently, has the equivalent of 1 billion dollars.
2. Education
The second pillar is education. The greater the adoption of crypto, the greater the search for information on the subject and the responsibility to educate people. For Binance, this needs to be done for everyone, free of charge and on a recurring basis, whether they are just curious people, users, authorities or university students.
The numbers show that the demand for knowledge is latent, as our team has already registered access by more than 43 million people on Binance Academy, the exchange's education platform.
In addition, Binance Academy itself promotes a tour of universities around the world, which has already been present in more than 100 educational institutions in 35 different countries.
3. Compliance and Regulation
The last pillar, just as important as the others, is compliance and regulation. And this is an extremely positive movement so that adoption continues to grow and reach new layers of society.
Fortunately for the crypto universe, in most countries, regulators have looked at the benefits that technological innovation offers, in conjunction with increased security and transparency for users.
Binance is the crypto exchange with the highest number of licenses and local approvals in the world. And this guarantees us the expertise to share tools, processes and technology to increase the security and transparency of our users' funds, and which can be implemented by other participants in the national market for the benefit of society as a whole.
