Bitcoin: An Evident Solution to Argentinian Economic Woes

Bitcoin: An Evident Solution to Argentinian Economic Woes

Earlier this week, Argentinians suffered from another wake up call. Western Union will no longer accept money transfers between USD and Argentinian Pesos. At the end of May, new stricter regulations on Argentina's currency exchange prevented Google from even paying Android developers. With extreme inflation, a devalued currency, and increased and extreme....


Related News

First Latin American Bitcoin Conference Set to Take Place in Argentina

Something BIG is happening in Argentina... From December 7 through 8, Bitcoin enthusiasts and those interested in learning about this digital, decentralized phenomena will gather in Buenos Aires, Argentina for the first Latin American Bitcoin Conference hosted by the Fundación Bitcoin Argentina. Why Argentina? The Argentinian Bitcoin community is rapidly growing in reaction to national economic strain, but most importantly due to the opportunities Bitcoin represents as a disruptive technology and economic growth potential. With an inflating Argentinian Peso and limited access to additional....

Video: Central Bank Woes

In this episode of "Fed Watch," the hosts discuss the world's three major central banks and their actions in the face of economic turmoil. The post Video: Central Bank Woes appeared first on Bitcoin Magazine.

Argentinian Government Advances the Creation of a National CBDC

The Argentinian government has taken the first steps in the launch of its own central bank digital currency (CBDC). A new decree identified the number 207/2022 gives new faculties to the Argentinian mint to involve in the investigation, development, and issuance of digital currencies. This puts Argentina on the trail of countries like Brazil and Mexico, that are already involved in the development of their e-currencies. Argentina Prepares the Field for a CBDC The government of Argentina is preparing the legal field for future issuance of its own central bank digital currency, the....

Argentinian Tax Authority Wins Landmark Case to Confiscate Funds From a Digit...

The Argentinian Tax Authority (AFIP) has won a historic case to seize taxpayer funds from a digital account. The case, which was won in an appeal in the Federal Chamber of Mar del Plata, might bring about more seizures of this kind and include cryptocurrencies as part of a stricter policy of the organization. Argentinian Tax Authority to Seize Funds From Digital Account The eyes of regulators around the world have turned to fintech and crypto companies and their operations. The Argentinian Tax Authority (AFIP) has recently won a landmark case in the area, allowing it to seize....

Law Project Presented in Argentinian Senate Proposes to Tax Undeclared Crypto...

A new law project presented in the Argentinian Senate is seeking to start a fund to pay for part of the debt the country has with the International Monetary Fund (IMF). The project, which is being pushed by members of the ruling party, would establish that Argentinian citizens have to pay taxes for certain assets held outside the country, including cryptocurrencies. Argentinian Law Project to Tax Foreign Properties A new law project presented in the Argentinian senate proposes a way of paying the debt of more than $44 billion that the country has with the International Monetary....