According to a recent report, in response to a previous report regarding the agreement between the government of Argentina and the Binance Labs to co-invest in blockchain projects which the exchange supports, the Chief Executive Officer of Binance, Changpeng Zhao hinted that the exchange intends to launch a new fiat-to- Crypto exchange in the country.

Binance Labs is the Investment and Social Wing of the Exchange

The intention was revealed by the CEO via the exchange’s Twitter account. The tweet stated that: “Guess where we will have a new fiat-to-crypto exchange?”

The tweet was in reply to a recently published article concerning the agreement between the government of Argentina and Binance Labs.

Binance to Launch in 8 Countries

A previously released report containing a spreadsheet revealed that the exchange is planning to launch fiat-to-crypto exchanges in eight more countries “Uganda— which launched in October — and just-live Jersey, Singapore, Malta, South Korea, Liechtenstein, Argentina, Russia, Turkey and…

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Source: https://thebitcoinnews.com/the-ceo-of-binance-cz-hints-at-launching-a-fiat-to-crypto-exchange-in-argentina/