Category: Argentina

President of Argentina open to Bitcoin and a CBDC but central bank says no

August 13, 2021

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Argentina President Alberto Fernandez has indicated support for digital assets, asserting there is no reason to push back against the emerging asset class. During an interview with local media outlet, Caja Negra, on August 12, Fernandez responded to a question about whether he would consider exploring a central bank digital currency (CBDC), or even recognize […]

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Bitso reportedly becomes Latin America’s first billion-dollar crypto exchange

May 5, 2021

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The startup has a total value of $2.2 billion following its latest Series C investment round. Mexican cryptocurrency exchange Bitso has concluded a $250 million Series C capital raise, putting it in the upper echelons of Latin America’s fintech industry.  The latest investment round gives Bitso a total value of $2.2 billion, making it the […]

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A year into the pandemic: How Argentina’s economy struggled while its crypto ecosystem flourished

March 21, 2021

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The year 2020 will go down in history as the beginning of the COVID-19 pandemic and the way it affected the Argentine economy. But it is also true that Argentina has been dragging along economic problems for decades, with high fiscal pressure, devaluation of the national currency (the Argentine peso), restrictions on the purchase of […]

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Hard-Hit Argentinian Farmers May Get Boost From Trading Platform for Tokenized Produce

January 28, 2021

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Farm assets like soybeans will be tokenized on a platform from CoreLedger for trading against other assets like cattle or fiat currency. Jan 28, 2021 at 1:06 p.m. UTCUpdated Jan 28, 2021 at 3:53 p.m. UTC Hard-Hit Argentinian Farmers May Get Boost From Trading Platform for Tokenized Produce Farmers struggling amid Argentina’s hyperinflation and the […]

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Tokenized agriculture could provide economic relief to Argentine farmers

January 27, 2021

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Blockchain proponents claim that agricultural asset-backed tokens would make it easier for farmers in Argentina to attract investment and access liquidity amid a nationwide economic crisis. 4189 Total views 16 Total shares Argentina’s brittle economy — stricken by endemic problems that have only worsened amid the COVID-19 pandemic — has sparked rising unrest in the country’s […]

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Crypto Is Booming in Economically Challenged Argentina

December 14, 2020

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Dec 14, 2020 at 2:00 p.m. UTCUpdated Dec 14, 2020 at 2:13 p.m. UTC Crypto Is Booming in Economically Challenged Argentina At the start of 2020, Ripio, one of Argentina’s largest crypto exchanges, had around 400,000 users. It’s finishing the year with 1 million.  Ripio’s chief brand officer, Juan Mendez, told CoinDesk that around 70% […]

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Crypto Remittances Prove Their Worth in Latin America

December 9, 2020

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Dec 9, 2020 at 3:30 p.m. UTC Dollar bills in the cash drawer of a bakery shop Caracas, Venezuela. (Matias Delacroix/Getty Images) Crypto Remittances Prove Their Worth in Latin America Western Union recently announced it would be suspending U.S. dollar transfers to Cuba, due to sanctions from the United States. This may only increase the […]

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Why Fiats Are Failing in 2020

October 23, 2020

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Oct 23, 2020 at 19:00 UTC (fatido/iStock via Getty Images Plus) Why Fiats Are Failing in 2020 From Brazil to Argentina to Turkey, bitcoin priced in local currencies is reaching all time highs. But is this a story of bitcoin succeeding, fiat failing or both? For more episodes and free early access before our regular 3 p.m. […]

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