The Central Bank of Argentina banned this Thursday night (5) the offer of crypto-assets, including Bitcoin, by financial institutions in the country. The Argentine BC published a statement entitled “BCRA discourages the offer of crypto-assets by the financial system”, but the body of the text
The Argentine peso is facing 50% annual inflation, which basically means that every year a citizen can lose half of their purchasing power if they keep their savings in the state currency. But it is not just to protect themselves from inflation that Argentines are
“The adoption of bitcoin as legal tender raises a number of macroeconomic, financial and legal issues that require very careful analysis,” IMF spokesman Gerry Rice said at the time. Now, the global financial authority, IMF, is trying to stop the adoption of cryptocurrencies in another
Miguel Ángel Pesce, president of the Central Bank of Argentina (BCRA), once again expressed concern about the advance of cryptocurrencies during an event held by the Argentine Chamber of Fintech on Tuesday (31). Pesce, who recently made it clear that he wants to avoid connecting
According to Cambridge University, global Bitcoin mining operations already consume more energy than the whole Argentina. Mining is the process of creating cryptocurrency. The method is energetically demanding, since it is done using computer components that consume a lot of electricity, as is the case
This week, an Argentine citizen bought the ownership of Google’s domain in the country for 540 Argentine pesos (approximately $6). Because of that, the google.com.ar website was down for some time. As he later explained, the citizen, Nicolas Kuroña, bought the domain on the same