Argentina's Central Bank Issues Warning to Burgeoning Bitcoin Ecosystem
Argentina's central bank (BCRA) has issued a statement warning the public of the risks inherent in using digital currencies. The bank, headed by Juan Carlos Fabrega, reiterated that "virtual coins" are not issued by the central bank or any other international monetary authority and, therefore, are not legal tender. Its statement goes on to highlight cryptocurrency's potential for use in criminal activity: "Internationally, however there is still no consensus on the nature of these assets, various authorities have warned of [their] possible use in money laundering operations and various....
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