Bitcoin Growth More Than Doubles In Economically Ravaged Argentina
The use of bitcoin has more than doubled in the past year in Argentina as government controls have delivered economic stagnation and double-digit inflation, according to the London, U. K. -based Financial Times. The government has restricted access to foreign currency and created an overvalued currency exchange rate. One small business owner, the owner of a budget hostel in Buenos Aires, has found bitcoin helpful in the face of the country's overvalued currency exchange rate. She takes credit card payments from foreign tourists in return for bitcoin. She can then sell bitcoins on....
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Argentina's crypto industry saw record trading volumes this year, amid the COVID-19 pandemic and economic hardship.
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....
Bitcoin Argentina, a non-profit organization dedicated to the promotion and growth of Bitcoin and cryptocurrencies in the country, will implement Bitcoin instruction in high schools. The Built With Bitcoin Foundation, the Bitcoin Argentina non-profit, and the Paxful exchange will launch a program to educate students on the fundamentals of cryptocurrencies, particularly Bitcoin. Around 4,000 students who participate […]
Western society has a tendency to focus on how Bitcoin and the world, revolve around them in domestic terms. Bitcoin has been a very exciting investment opportunity, with five years of unprecedented growth, followed by one year of epic drops in dollar value. It has mostly made its name based on that history alone, but Bitcoin is much more than a mere high-risk, high-yield investment. This is especially true in developing nations and emerging markets. The naysayers and pessimists in particular always fail to see the forest through the trees when it comes to Bitcoin, and its global growth....
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....