Massive BTC News - WatcherGuru (Patreon)
Published:
2023-12-21 19:46:41
Imported:
2023-12
Content
- 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.