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Author: Admin | 2025-04-28
Mining. The town has begun purchasing graphic cards and mining equipment to generate income via crypto mining to gather funds for upgrading its rail infrastructure. The minted cryptocurrencies are then converted into Argentina’s fiat currency to finance some infrastructural renovations. Historical Events & Announcements21-12-2023 : Argentina’s Foreign Minister Approves Bitcoin Use in Contracts and PaymentsRatificamos y confirmamos que en Argentina se podrán pactar contratos en Bitcoin.— Diana Mondino (@DianaMondino) December 21, 2023 Argentina’s Foreign Minister, Diana Mondino, announced a decree allowing Bitcoin and other cryptocurrencies for contracts and payments. The decree, aimed at economic reform, permits their use under specific conditions, marking a significant step towards cryptocurrency acceptance in the country.19-04-2022: New anti-Crypto Austerity Regime by IMF crafts Argentina.The International Monetary Fund (IMF) after two years of wrangling approves a new $45 million refinancing agreement with Argentina. By offering Argentina a much-needed reprieve from debt payments until 2026, the IMF sweetened the deal. 13-04-2022: Argentina Securities Regulator launches innovation hub to discuss regulated crypto investments.18-11-2021:Crypto sales and purchases are subject to the tax of up to 0.6% on banking debits and credits. Argentina updates its “check tax” rules to clarify crypto exchanges are not exempted.08-11-2021: Argentina uses Lemon a Crypto app or Card in Argentina to support ETH,USDT, DAI, and supports BTC23-04-2020:- The Central Bank of Argentina joined hands with IOV labs, a Bitcoin startup to work on the blockchain-based payment network.26-11-2019:- Argentina introduces new Tax rules and includes 11 new cryptos in its authorized cryptocurrency list allowed to trade.01-11-2019:- The Central Bank bans the purchase of Bitcoins using credit cards to preserve the country’s foreign exchange reserves.07-02-2019:– Public transport in Argentina got access to receive payments in Bitcoin. The customers already use a national contactless smart card which can be loaded with Bitcoins. ConclusionArgentina’s cryptocurrency rules are changing as
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