JUST

Bank AI

Bitcoin

<div class="watcher-guru">
 <p>Argentina’s Minister of Foreign Affairs, Diana Mondina, has confirmed that contracts in the country can now be settled in Bitcoin. Indeed, the development occurred after newly elected president Javier Milei took office in November of this year. The regime change has brought a host of changes to the struggling economy.</p>
 <p>Milei has been outspoken in his radical ideas regarding the country’s economic circumstances. Over his first few weeks in office, the pro-Bitcoin candidate has already sought to dollarize the Latin American peso. Now, he has officially allowed Bitcoin to factor into contractual agreements.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">JUST IN: 🇦🇷 Argentina Minister of Foreign Affairs says contracts in the country can be settled in #Bitcoin.</p>
    <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
     <div class="publift-ad add">
      <div data-fuse="22560828227"></div>
     </div>
    </div> — Watcher.Guru (@WatcherGuru) December 21, 2023
   </blockquote>
  </div>
 </figure>
 <p><strong>Also Read: BRICS: Argentina’s New President Says Country Has ‘No Money’</strong></p>
 <h2 class="wp-block-heading" id="h-argentina-allows-contract-settlements-in-bitcoin">Argentina Allows Contract Settlements in Bitcoin</h2>
 <p>Over the past year, the Argentinian economy has struggled mightily. Along with massively high inflation at over 140%, the citizens of the nation sought a new direction. Subsequently, they opted to follow the regime of unconstitutional candidate Javier Milei—a pro-Bitcoin candidate who is already implementing major changes.</p>
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div id="primisContainer" class="add"></div>
 </div>
 <p>Specifically, Argentina’s Minister of Foreign Affairs, Diana Mondina, took to X (formerly Twitter) to confirm that contracts in the country can now be settled in Bitcoin. Indeed, Mondina confirmed the landmark development in the first few weeks of Milei’s presidential term.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="585" src="https://cdn.thebittimes.com/images/2023/12/22/183fdc8184b856dbecf152935e87cb16.webp" alt="argentina flag pole brics" class="wp-image-119724" srcset="https://cdn.thebittimes.com/images/2023/12/22/183fdc8184b856dbecf152935e87cb16.webp 1024w, https://cdn.thebittimes.com/images/2023/12/22/183fdc8184b856dbecf152935e87cb16.webp 300w, https://cdn.thebittimes.com/images/2023/12/22/183fdc8184b856dbecf152935e87cb16.webp 768w, https://cdn.thebittimes.com/images/2023/12/22/183fdc8184b856dbecf152935e87cb16.webp 380w, https://cdn.thebittimes.com/images/2023/12/22/183fdc8184b856dbecf152935e87cb16.webp 550w, https://cdn.thebittimes.com/images/2023/12/22/183fdc8184b856dbecf152935e87cb16.webp 800w, https://cdn.thebittimes.com/images/2023/12/22/183fdc8184b856dbecf152935e87cb16.webp 1063w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
 <p><strong>Also Read: BRICS: Argentina Peso to Devalue More Than 50% Under Milei</strong></p>
 <p>Milei’s election was always perceived to have massive implications for the most prominent digital asset. Immediately after the election results were finalized, the asset noted an increase of almost 3%. Now, it appears as though optimism is paying off with Bitcoin-related policy changes.</p>
 <p>The newly elected president has expressed his view of Bitcoin as a game-changer for the Argentinian economy. Ultimately, the digital asset represents a key aspect of his political focus, opposing the Central Bank and traditional financial institutions. The presence of Bitcoin in his early decision could foreshadow what is to come from his presidential term.</p>
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div class="publift-ad add">
   <div data-fuse="22560828233"></div>
  </div>
 </div>
</div>
<div class="cs-entry__tags">
 <ul>
  <li>ARGENTINA</li>
  <li>bitcoin</li>
 </ul>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/argentina-minister-says-contracts-can-now-be-settled-in-bitcoin-tbt74453.html">https://thebittimes.com/argentina-minister-says-contracts-can-now-be-settled-in-bitcoin-tbt74453.html</a></p>

Argentina Minister Says Contracts Can Now be Settled in Bitcoin

Table of Contents

TheBitTimes

Other articles published on Dec 21, 2023

Avalanche A Step Closer To $50 As it Jumps 10%! Is AVAX Rally Just Getting Started?

Binance Celebrates the Holiday Season with Community Giveaways

EEA Releases its Second Ethereum Business Readiness Report

Solana Price Prediction as Trezor Wallet Adds Support for SPL Tokens – Adoption on the Rise?

Pokémon Scarlet and Violet: Epilogue DLC Coming January 11, 2024

Analytics Firm Identifies Altcoins that Binance Invested in but Hasn’t Listed Yet

Join our free newsletter for daily crypto updates!