Bitcoin interest in Argentina hits 20-month high as inflation soars above 270%

As Argentina’s inflation climbs, Bitcoin gains popularity over fiat currencies, driving increased crypto purchases and scam activity. In Argentina, where inflation has surged to staggering levels, Bitcoin is emerging as a preferred hedge against economic instability, Bloomberg reports, citing data compiled by a local crypto exchange Lemon Cash. Lemon Cash’s data reveals a significant uptick in Bitcoin transactions, nearing their highest...

Argentinan president advocates for cryptocurrency declaration in reform bill

Argentina’s government will offer a flexible tax rate and legitimize the usage of cryptocurrency assets within the country, irrespective of location or origin. President of Argentina Javier Milei proposed the bill as part of a broader set of economic and political reforms. The crypto community has responded positively to Milei’s election in November, given his endorsement of Bitcoin...

Argentina’s Foreign Minister Claims New Decree Legalizes Bitcoin and Other Crypto Assets for Contracts and Payments

Diana Mondino, Argentina's Minister of Foreign Affairs, International Trade, and Worship, has asserted that a recently passed decree legalizing the use of certain currencies in contracts and for payments applies to Bitcoin (BTC) and other cryptocurrencies. In a December 21 post on Twitter, Mondino stated that the "Bases for the Reconstruction of the Argentine Economy" decree,...

Malaysia thumped by Argentina in the Junior World Cup

KUALA LUMPUR: Malaysia's chances of advancing to the quarter-finals were dented after suffering a 0-4 defeat to Argentina in their second Group A match of the Junior World Cup at the National Hockey Stadium in Bukit Jalil on Wednesday (Dec 6). Reigning champions Argentina went ahead in the 20th minute when Bautista Capurro scored a field...