Binance has declared the postponement of its blockchain week due to Coronavirus. Binance made this announcement through an official blog post and also affirmed it on Twitter.

“We regret to inform you that due to the health concerns over the recent global outbreak of the novel coronavirus, we have decided to postpone Binance Blockchain Week Vietnam, which was originally scheduled for February 29 to March 4, 2020, in Ho Chi Minh City, Vietnam,” the post reads.

The exchange further reported that members’ safety and health were of supreme significance.

Its announcement on Twitter validated the intention. The tweet reads: “Postponing Binance Blockchain Week Vietnam. Amid this global public health emergency, we have committed to do the right thing and protect would-be attendees from health risks associated with public gatherings.”
The event will take place once the countries find a way of controlling it.

Those soliciting a refund should visit the event registration portal or reach out to Binance here. The exchange further apologized to its users and vowed to keep them updated.

Coronavirus has expanded to 14 different countries, including Canada, the US, Spain, Sweden, and more. Twenty thousand people are now leading the virus, which is why empowering an event like Binance blockchain week would put attendees at danger. After all, humans are transferring it on to humans.

As of Tuesday, “the official infection toll reaches 20,659, with total death count escalating to 427. This marks a doubling of verified infections from a reported 9,700 confirmed cases just four days ago on the January 30,” writes CCN.

The crypto space has been reaching out to China to help restrain this disease. Various exchanges have contributed relief materials like nose masks, etc., while also offering contributions to help boost health workers.

Binance alone donated $1.5 million. Changpeng “CZ” Zhao, Binance CEO, made this promise through a tweet. He noted that his company had donated 10 million RMB (USD 1.5million) to help those in need.