Bitcoin

Read

<div class="cryptonews">
 <p class="is-style-lead">Argentina’s government has approved Bitcoin to be used for <a rel="noopener noreferrer nofollow" title="contractual" href="https://thebittimes.com/tag/contractual.html">contractual</a> <a rel="noopener noreferrer nofollow" title="agree" href="https://thebittimes.com/tag/agree.html">agree</a>ments.</p>
 <p>This development follows the election of President Javier Milei, known for his positive stance on cryptocurrencies. Diana Modino, the country’s Minister of Foreign Relations and International Commerce, announced on X that Bitcoin, along with other cryptocurrencies, can now be used as a valid currency in legal contracts in Argentina.</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="es" dir="ltr">Ratificamos y confirmamos que en Argentina se podrán pactar contratos en Bitcoin.</p>— Diana Mondino (@DianaMondino) December 21, 2023
   </blockquote>
  </div>
 </figure>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Malicious script in Google and X stole $58m in crypto from over 63k users
 </div>
 <p>In her statement, Modino emphasized the flexibility of <a rel="noopener noreferrer nofollow" title="contractual" href="https://thebittimes.com/tag/contractual.html">contractual</a> <a rel="noopener noreferrer nofollow" title="agree" href="https://thebittimes.com/tag/agree.html">agree</a>ments in Argentina, highlighting that they can be based on various units of value, including traditional ones like kilos of beef or liters of milk. Her post referenced an existing law, underscoring the legal foundation for this decision.</p>
 <p>While Modino did not delve into specific future policies regarding cryptocurrency, this acknowledgment of Bitcoin aligns with President Milei’s broader monetary strategy. This strategy is especially pertinent given the ongoing challenges of hyperinflation and devaluation of the local currency in Argentina.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Terraform Labs and SEC agree on confidentiality terms as trial approaches
 </div> <span class="google-news-banner__label">Follow Us on Google News</span>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/argentina-will-accept-bitcoin-for-contractual-agreements-new-minister-says-tbt74456.html">https://thebittimes.com/argentina-will-accept-bitcoin-for-contractual-agreements-new-minister-says-tbt74456.html</a></p>

Argentina will accept Bitcoin for contractual agreements, new minister says

TheBitTimes

Other articles published on Dec 21, 2023

Cosmos (ATOM) Elliott Wave Summary (2019 – 2023)

Core Scientific Set to Emerge from Bankruptcy

Phantom Wallet Welcomes Bitcoin Integration

Central Bank of Turkey Raises Interest Rates to 42.5%

This Solana (SOL) Meme Coins Trader, Skilled at Spotting 10X Opportunities with High Accuracy, Is...

Shiba Inu's Resistance Test Is Going Awfully Wrong

Join our free newsletter for daily crypto updates!