Bitcoin

Bitcoin Daily: Argentina Open To Crypto; eToro Launching In US; South Korea Fights Crypto Crimes

Bitcoin Daily

eToro has announced that it is officially launching in the United States.

Founded in 2007, eToro already services more than 10 million customers in more than 140 countries. In the U.S., it will be available in 30 states and two territories, with plans to expand to other locations in the future.

The U.S. platform will initially only support trading for crypto assets, with plans to add additional asset classes within the next year.

“For the first time, Americans can collaborate with other crypto traders when making buying and selling decisions. Users can adjust their trading strategies by watching and learning from others on the platform,” said  Yoni Assia, CEO of eToro, according to Finextra.

In other news, Argentina has partnered with Binance Labs to support blockchain-based projects.

During a four-year term, the Argentine government will match investments from Binance Labs and Founders Labs in up to 10 blockchain projects each year.

“Argentina is at the forefront of blockchain adoption and we’ve witnessed how it’s becoming home to some very passionate blockchain communities during our trip there,” Ella Zhang, head of Binance Labs, said in a press release. “Our mission at Binance Labs is to realize the full potential of blockchain technologies. To that end, we are very excited to support blockchain projects, entrepreneurs and developers through our Buenos Aires chapter, to advise and mentor them, to find product-market fit, and provide them with in-time access to global blockchain technology development to solve local problems.”

And South Korea has launched a task force to combat crypto fraud and FinTech-related crimes.

According to The Next Web, the move comes after South Korea saw an 800-percent increase in crypto crimes in the last three years. In 2016, there were 53 reported cases of crypto crimes, while in 2017 there were 453, and last year it reached a whopping 4,591.

The task force will aim to curb these crimes by tracking accounts suspected of illegal activity, as well as sharing  information with other government bodies that will have the authority to freeze accounts, recover lost funds, and file class action lawsuits.

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