The Government of Argentina says it will match investments made by Binance Labs in blockchain technology startups in the country — to the tune of $50,000. The move marks the latest example of cryptocurrency and blockchain adoption in the Latin American nation.
Argentina’s Government Matches Binance 1:1
Binance Labs, the blockchain technology incubator of cryptocurrency exchange behemoth Binance, announced the news in a press release issued on Wednesday (March 6, 2019). According to the statement, Argentina’s Ministry of Production and Labor has committed to matching investments from Binance Labs and LatamEx in blockchain startups in the country.
Argentina government 1:1 match our investments for blockchain projects. Kudos to Argentina! Adoption! https://t.co/yBhKm1pJNQ
— CZ Binance (@cz_binance) March 6, 2019
Via the Accelerator Program of the Ministry, the government plans to match every local blockchain startup funded by Binance Labs with an upper cap of $50,000. The statement also revealed that the partnership…