New Index Ranks Argentina 'Most Likely' to Adopt Bitcoin
Which markets have the greatest potential for bitcoin adoption? With over $250m of venture capital invested in bitcoin startups to date, much is at stake in understanding which markets will prove most fertile for bitcoin. In addition, many governments and regulatory agencies are seeking to better understand the economic opportunities presented by bitcoin along with the perceived risks. The new Bitcoin Market Potential Index (BMPI) is the first attempt at providing a rigorous answer to the above question, assembling a new data set to rank the potential utility of bitcoin across 177....
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Can bitcoin conquer Argentina? It's a question that is being given increasing validity by major media outlets like The New York Times and The Economist, and it's easy to see why. Numerical and anecdotal evidence suggest that if bitcoin will prove popular as a currency anywhere, it should in Argentina. According to the Bitcoin Market Potential Index (BMPI), which ranks bitcoin's potential utility across 177 countries, Argentina is the most likely country to adopt the digital currency. It's economy is one of the most problematic globally, boasting annual inflation of approximately 35%. In....
Argentina has the greatest potential for Bitcoin adoption in the world. According to the Bitcoin Market Potential Index (BMPI), Argentina tops the list of ten countries with the highest relative potential for Bitcoin adoption followed by Venezuela, Zimbabwe, Malawi and the United States. China ranks only 27th in this survey conducted by the London School of Economics. Index for investors. The survey is the first attempt at assembling a new data set to rank the potential utility of Bitcoin across 178 countries. In effect, it has confirmed that not much has changed since the first ranking....
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....
The Central Bank of Argentina has issued a new set of rules for operators of digital wallets in the country. Customers of companies like Uala, a wallet popular in Argentina, will now be qualified as financial users, having new protections similar to those offered by banks and other financial institutions.
Central Bank of Argentina Strengthens Digital Wallet Supervision
The rise of digital money and crypto in Argentina is causing regulators to pay attention. The Central Bank of Argentina recently issued a set of rules to heighten the level of protection users of popular digital....
A petition to launch regulated Bitcoin futures and options in Argentine pesos has been submitted by Matba Rofex, Argentina’s largest futures market, to the National Securities Commission (CNV). Matba Rofex is the most prominent market for futures and options in Argentina. They currently have a BTC MtR index expressed in Argentinian Pesos (ARS) calculated every […]