NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Governments Brave Heartedly Invest in Crypto Despite 2018’s Blunder

Davit Babayan
Davit Babayan
1 year ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Many would nod to the fact that 2018 was not a great year for crypto investors. But that hasn’t deterred governments from putting taxpayers’ money into this vortex of permissionless recordkeeping technology.

In just two weeks, the crypto industry received investment commitments from two countries. On March 6, the Argentinian government announced that it would invest in early stage blockchain startups backed by Binance’s venture capital wing. And on March 18, the Australian government unveiled a national blockchain roadmap and committed $AU100,000 to it.

Argentina government 1:1 match our investments for blockchain projects. Kudos to Argentina! Adoption! https://t.co/yBhKm1pJNQ

— CZ 🔶 BNB (@cz_binance) March 6, 2019

Blockchain and Crypto for National Growth

Both Argentina and Australia are high on incubating startups in the blockchain space, by providing them a proper dose of reasonable regulation and financial mentorship. It is vital to realize that their governments also look at blockchain as a tool to generate high-income jobs for citizens. That explains why those countries have expressed an adamant interest in becoming a global blockchain leader.

Australia’s Minister for Trade, Tourism and Investment, Simon Birmingham, said that their country was already developing blockchain tools for a wide range of industries, including agriculture, fintech, resources, and services.

“Consensus is the leading event for blockchain globally and will present significant opportunities for Australian tech companies to showcase their products on the world stage,” Birmingham added.

Binance made a similar projection for their Argentinian incubation center, stating that they would mentor local startups through the development and finding them “a product-market fit.” The announcement followed Argentina’s history of restrictive banking that ultimately led to a surge in the number of local blockchain and crypto startups.

A Blind Bet?

As more and more countries start brewing their local blockchain hubs, skeptics doubt if any of these investments would innovate data management on the ground. The history of blockchain is full of failures – from small startups raising millions and billions of dollars using jargon-rich business proposals to their eventual deaths. Meanwhile, the ones that have made to the list of reliables are accused of taking away the critical ingredient of blockchain altogether: the decentralization.

So far, bitcoin is the only project that stands true to the concept of the decentralized blockchain. Even Ethereum, a genuinely remarkable blockchain project, was semi-centralized in the beginning.

https://www.youtube.com/watch?v=TYoPxgOCmmw

That leaves the governments with the question: are they investing in something that would innovative decentralization, or, like many skeptics believe, a million dollar private database? While the answers are as difficult to find as was in the early days of the internet and cloud computing, the countries’ willingness to give blockchain a try sets a good precedent. They realize that there are still problems that traditional technologies cannot address. Billions of peoples are still without a bank account or a digital identity. Millions of voters are still unable to cast their votes. Thousands of potential investors cannot access mainstream markets. The problems are too many to address, with blockchain proposing a solution for each one of them.

Yes, blockchain is a government’s blind bet. But so was space, internet, online banking, and whatnot. Let’s take a leap of faith and believe.

Tweet123Share196ShareSend
Davit Babayan
Davit Babayan

Davit Babayan

Davit Babayan is an Armenia-based expat balancing the academic life of a software design engineer with the experiences of a financial technology journalist. He aspires to be a full-time columnist and wants to write a book that would be called, "A Homeless Who Found Bitcoin."

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum Looks Strong Despite Volatility – $10,000 Price Target Gains Momentum

Ethereum Looks Strong Despite Volatility – $10,000 Price Target Gains Momentum

Ethereum has regained strong bullish momentum over the past few days, rising more than 23% since June 22 and reclaiming...

Sebastian Villafuerte 3 hours ago
Bitcoin

TD9 Setup On Bitcoin Price Chart Suggests It Could Take 4 Years To Reach $149,000 — Details

According to a new analysis shared by crypto analyst Tony “The Bull” Severino, Bitcoin has just closed the quarterly chart...

Scott Matherson 4 hours ago
Dogecoin price news

Dogecoin’s Quiet Setup Could Detonate Shorty, Says Analyst—Here’s The Target

Dogecoin was changing hands near $0.174 in European trading on Thursday, extending a two-day rebound that began when buyers twice...

Jake Simmons 7 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitunix bonus krypto giełda promocja USDT

Nowa promocja Bitunix. Bonus w wysokości 2410 USDT na start

News BTC 3 minutes ago
Dogecoin

Analysts Predict Major Dogecoin Price Rally After Breaking 50-Day Trendline

Scott Matherson 56 minutes ago

Bitcoin Needs $140K To Match Peak Profits, On-Chain Data Shows

Christian Encila 2 hours ago

Premium Sponsors

Press Releases

  • Top kryptoměna ke koupi dříve, než vzroste o 2 200 %, podle Cathie Wood

    Top kryptoměna ke koupi dříve, než vzroste o 2 200 %...

    2 hours ago
  • The smartest way to make money in 2025: Invest in cloud...

    9 hours ago
  • Od Bitcoinu k BTC Bull: Kde leží skutečný potenciál?

    ...

    9 hours ago
  • Bitcoin vs. Gold: Which Is the Best Investment In 2025?

    9 hours ago
  • Profit of $5,735, senior trader uses Ripple (XRP) to open...

    9 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.