
Argentina's New President: Good News for Bitcoin, Bad News for Inflation
Argentina’s new president, Mauricio Macri, is good news for the legal status of Bitcoin in the country. He is the one behind the sponsorship of the First Bitcoin Forum in Buenos Aires, earlier in July 2015. The perceived stance of the leader of “Cambiemos” (Spanish for “Let’s change”) is a far cry from the official statement issued in 2014 by the Argentine Central Bank. The statement was clearly cautious towards Bitcoin, warning about its qualities and declaring that it didn’t have legal tender status. However, for Bitcoin all good news are bad news, as all who were interested in....
Related News
The President of Argentina, Alberto Fernández, shared his thoughts about crypto with Filo News, saying its properties as hard currency make it advantageous. The interview covered a multitude of topics, including his path into politics and the legalization of marijuana. But more surprising was President Fernández’s tentative endorsement of crypto. He sees it as a […]
Mauricio Macri was sworn as the new president of Argentina on December 10, 2015. He confronts enormous economic challenges. He received a country with an inflation rate estimated at between 15 to 27 percent, foreign reserves at a ten-year low, plus a decade-long series of struggles with holders of defaulted debt. One of his highest priorities is to....
Argentina’s Senate approved an extraordinary one-time wealth tax to fight the coronavirus pandemic by seeking to boost government revenue and targeting millionaires with assets of more than 200 million pesos ($2.5 million). At the same time, the country still faces a 35% inflation. Argentinean Senate Approves New Taxes, While Bitcoin Keeps Skyrocketing Against the Argentine Peso According to El Pais, the measure, citing opposition parties’ statements, could “slow down the investments” in a country whose fiat currency, the Argentinean Peso (ARS) is highly devalued....
As inflation rips through Argentina’s economy, the nation appears to be turning its gaze toward cryptocurrencies as a financial haven. Particularly, with inflation soaring to as high as 276% per year, according to a report, Argentina is now witnessing a massive turn in the monetary strategy as citizens chase after stability, even if it comes […]
Alberto Fernandez, President Of Argentina, Is Open To Adopting Bitcoin As Legal Tender To Fight Inflation.