Argentina Opens Doors for Bitcoin and Cryptocurrencies in Contracts and Payments
Summary:
Argentina's minister of Foreign Affairs, Diana Mondino, declares that Bitcoin and other cryptocurrencies can be used for contracts and transactions in the country, according to a new regulation aimed at economic reform. Further updates to follow.
Argentina's Foreign Affairs, International Trade and Worship Minister, Diana Mondino, has declared that a regulation permitting the utilization of specific currencies in contracts and transactions will also embrace Bitcoin (BTC). Mondino, on December 21, disclosed via her X platform – formerly known as Twitter, that a decree which appears to focus on economic progress and deregulation would pave the way for BTC and other cryptocurrencies usage in Argentina under certain determinants. The decree, titled 'Foundations for the Reworking of the Argentine Economy', which was approved on Dec. 20, didn't directly mention cryptocurrencies. However, it provided clauses for debtors to have the option to make payments in currencies not deemed as legal tender in Argentina. Mondino emphasized, "In Argentina, contracts can be finalized using Bitcoin," and added, "the same applies to all other cryptos."
This news article will continually be updated as more details become available.
Published At
12/21/2023 8:21:24 PM
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