Binance is looking to create new alliances and partnerships with governments, corporations, technology companies, and other cryptocurrency companies and projects involved in the larger blockchain ecosystem, to empower developed and developing countries to spur new currencies.
With its existing global blockchain ecosystem, Binance has already reserved its public chain technology and cross-border payment system for secure operations of new stablecoins.
Since its launch last April, Binance Chain has been running securely and robustly and has issued a range of stablecoins, including a BTC-pegged stablecoin (BTCB) and the Binance BGBP Stable Coin (BGBP) pegged to the British Pound.
Binance will provide full-process technical support, compliance risk control system and multi-dimensional cooperation network to build Venus, leveraging its existing infrastructure and regulatory establishments.
Binance welcomes additional government partners, companies and organizations with a strong interest and influence on a global scale to collaborate with us to build a new open alliance and sustainable community.
We encourage like-minded people and organizations to contact us and discuss the infinite possibilities of the digital world together: venus@binance.com.”
The name Venus is clearly very nice and well found.
We will see in the future if Binance will be big enough against governments and states that will not see this project in a good way as Facebook has seen after the announcement of the launch of its project Libra!
https://bitcoincryptoadvice.com/everything-you-need-to-know-about-libra-the-facebook-cryptocurrency
This is why Binance says seeking partnerships with states or governments interested in this initiative.
The battle promises to be fierce for those who want to be tomorrow’s crypto leaders and impose a stable coin around the world, a cryptocurrency that would squarely replace current currencies such as the Euro or the Dollar.
It will be interesting to see the reactions of the different actors concerned by this announcement from Binance.
Facing American regulations, Binance has already created Binance US.
This new announcement may draw more attention to Binance from other governments with consequences that will be positive or negative, the future will tell.
The crypto market is in full swing between the announcement of the Venus project today and the announcement of the launch of BAKKT in September 2019, other important news will certainly come out in September.
The arrival of large institutional players indicates the importance that Bitcoin and cryptocurrencies are taking in the world to the point that governments are starting to worry about it, as shown by the speech of Donald Trump who quoted Bitcoin trying to demonstrate that only the Dollar is strong as a currency.
Read our article on the launch of BAKKT in September 2019:
https://bitcoincryptoadvice.com/bakkt-will-launch-its-bitcoin-futures-on-september-23-2019
by John Smith 
