Massive BTC News - WatcherGuru (Patreon)

Published:

2023-12-21 19:46:41

Imported:

2023-12

Tags:

ARgentina Bitcoin

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Argentina has authorized the settlement of contracts using Bitcoin, a significant policy change reflecting the country's move towards cryptocurrency amidst economic challenges.
The announcement comes as Argentina faces over 140% inflation, leading to the populace supporting Javier Milei, a pro-Bitcoin candidate who has begun making substantial reforms.
Argentina’s Minister of Foreign Affairs, Diana Mondina, announced on X (a platform substituting for Twitter) that Bitcoin can now be used for contract settlements.
Following Javier Milei's election, which had been expected to greatly influence the status of Bitcoin, the digital asset experienced a nearly 3% increase in value.
President Milei views Bitcoin as a transformative force for Argentina’s economy and his policies may challenge the traditional role of the Central Bank and financial institutions.