Officials confiscated substantial quantities of cash and crypto-mining equipment as well. Tierra del Fuego’s wholesale power cost was raised by 170% in January. Argentina’s tax collecting agency (AFIP) and the Buenos Aires provincial government said on Thursday that they had detained 40 persons after 70 raids that had shut down
The Argentinian government prohibits crypto buyers from purchasing dollars. The bank will sell dollars to those that have not purchased crypto for 90 days. A new set of regulations from the Argentinian Central Bank have an impact on individuals and companies who have invested in cryptocurrencies as a hedge against
Blockchain.com is reducing about 150 employees, due to financial losses. The exchange recently lost $270 million from Three Arrows Capital. As per reports, Luxembourg-based cryptocurrency exchange Blockchain.com is disbanding 25% of its employees, amid financial losses and the collapse of the global crypto market. The latest workforce reduction will affect
Argentine crypto exchange increased to 18% as it is always around 2%. The people have bought more DAI stablecoin to protect themselves. Argentine economy minister Martin Guzman resigned his post on Saturday. After he resigned the people are investing in the stablecoins three times more. Due to this inflammation that
Crypto industry is growing big and mature day by day, increasing its user base on a massive note. More so, crypto communities are expanding in all parts of the world nurturing its services to all users. Especially in Argentina, in recent days people are adopting cryptocurrencies despite the market dip.
The IMF provided a fund facility of $45B to Argentina in May 2020. In March, the monthly inflation rose up to 6.7% in Argentina. Argentina’s inflation rates are spiking up at an alarming rate. As reported by INDEC, its national statistical agency, the inflation rate reached an all-time high at 55.1%.
Argentina’s President has shown interest and support for crypto assets. Pesce appears to be threatening a crackdown on the industry. He also rejected the decision regarding CBDC. Alberto Fernandez, President of Argentina, has shown interest and support for crypto assets, stating there is no specified reason to push back against
Misiones, the first province of Argentina to impose the financial innovative law that uses Blockchain and Cryptocurrency. This recently approved law, the Missionary Financial Financial Innovation Programs is making Misiones to issue its own Stablecoin. The plan to issue a stablecoin is an economic plan to implement the blockchain and
Argentina’s soccer league is getting renamed from Primera Division to Torneo Socios.com after the partnership with Chiliz for the season 2021/2022. Socios.com is a kind-of fan engagement platform and basically the creator of “Fan tokens”. Moreover, users can also earn rewards via Socio.com app. The platform is deployed on blockchain
