The Argentine government intends to invest in blockchain startups in the early stages of development, which has received support from the venture capital unit of the crypto currency exchange Binance. It is reported by CoinDesk.

The local Ministry of labour has announced that it will allocate $50 thousand to each of the Argentine blockchain startup Binance funded Labs in the second stage incubation program. In addition, the target funds for the development will be a crypto currency exchange LatamEX.

The Agency plans over four years to support up to 10 blockchain projects annually. Investments in promising startups will come through the local blockchain-up accelerator Founder Labs.

Recall Binance intends to launch in Argentina, the support of crypto currency exchange with Fiat currencies.

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