Tag Archives: argentina

The government of Argentina is calling on all local crypto firms to register with its new regulatory body dedicated to the sector – or to cease operating entirely. On March 14, the nation’s senate passed legislation approving the Registry of Virtual Asset Service Providers, in line with recommendations from the Financial Action Task Force. More Regulation In Argentina? Argentina’s National Securities Commission (CNV) announced the registry’s creation on March 26, saying the...

In the face of relentless inflation and economic instability, Argentinians are increasingly turning to Bitcoin as a refuge, with recent data indicating a surge in purchases of the cryptocurrency. This trend comes as Bitcoin has experienced a remarkable rally in recent months, hitting record highs and outpacing traditional hedges against inflation, such as the U.S. dollar. Bitcoin Purchases Soar in Argentina According to a Bloomberg report, in the first week of March alone,...

Javier Milei, a far-right libertarian, has emerged as the winner in Argentina’s presidential run-off election. Milei’s victory is crucial amidst Argentina’s ongoing inflation crisis. Notably, he is known for advocating the use of Bitcoin and has proposed replacing the Argentinian Peso with the U.S. dollar to respond to the current economic situation. Milei Wins Argentina Presidency Amid Inflation Crisis Javier Milei has emerged victorious in Argentina’s presidential run-off,...

Argentina’s technology and cryptocurrency sectors have recently surged with World ID, a project by Worldcoin, reaching an all-time high in user verifications. On Aug. 30, Argentina set a new record with 9,500 citizens verifying their identities through World ID. While this might be considered a growing crypto adoption sign by some, it’s also quite controversial given Worldcoin’s issues with authorities and the community. World ID is an innovative identity protocol that...

Bitcoin has tapped a new all-time high against the Argentine peso, shortly after a Bitcoin-supportive presidential candidate came first in the nation’s primary elections. The asset now trades for $10,258,244.60 ARS, up 21% over the past 5 days. Pressure on the Peso Compared to the US dollar, Bitcoin has performed remarkably well against the peso over time given that the latter currency’s persistently high inflation. Last month, the nation’s annual inflation rate skyrocketed...

Javier Milei – a 52-year-old Argentine politician, businessman, and economist – collected the most votes in the country’s primary presidential elections. The leader of the political coalition La Libertad Avanza (Freedom Advances) is a keen advocate of bitcoin and a fierce opponent of the central bank. He has also gained popularity due to a crypto scandal involving the dubious digital asset platform called CoinX. Milei advertised the entity on his Instagram account in December...

Argentina’s Agency for Access to Public Information (AAIP) disclosed that it is currently conducting an investigation on Worldcoin to determine whether it complies with security and privacy rules. The cryptocurrency project, which saw the light of day in July, sparked huge controversy due to its eye-scanning requirements. Other countries, including Kenya and Germany, have also raised concerns on the matter. Argentina Joining the Club The aforementioned agency said it will...

The world’s largest cryptocurrency exchange – Binance – ended its partnership with the Argentine Football Association (AFA), claiming the latter has not “fully met its contractual obligations.” The agreement, which turned the platform into the Global Main Sponsor of Argentina’s national soccer team, was supposed to last until 2027. Parting Ways Binance and the AFA signed the deal in January 2022, several months before the start of the World Cup in Qatar, which saw Argentina...

A joint research conducted by Consensys and YouGov estimated that 92% of the participants are aware of cryptocurrencies. 37% see the asset class as the future money, whereas 26% are on the opposite corner, viewing it as a scam. Residents of the United States and the United Kingdom are more likely to associate digital currencies with fraudulent schemes. The Sentiment Toward Crypto and NFTs The survey, which spread across the Americas, Asia, Europe, and Africa and questioned...

Die Metall-Legierung in der argentinischen 2 Peso-Münze, ist mindestens 12 Pesos wert. Wobei wieviel wert die Münze tatsächlich noch hat, lässt sich schwer sagen. Denn die Inflation in Argentinien beträgt fast 95 Prozent. Jedenfalls, die Metalllegierung in der Mitte hat mehr wert als die Münze anzeigt. Daher fangen die Leute an, dieses Metall zu extrahieren. Wie beim sogenannten Kennedy-Halbdollar, welche aus echtem Silber besteht, ist der...