Tag: argentina

Nov 22 2021

Argentina introduces a crypto tax regime on back of El Salvador’s Bitcoin story

Countries around the world are now waking up to how the crypto space could play a pivotal role in their wider economic life as a number of them are now introducing taxes for the space. The latest country to implement a tax regime for the space is Argentina whose authorities released an...

Nov 18 2021

Argentina Announces New Taxation on Crypto Transactions

Argentina has announced new taxation for crypto transactions based on the existing credits and debts. The announcement came on Wednesday reversing the earlier exemptions granted to third-party payment service providers and businesses. The official decree read, “The exemptions provided for in this decree and in other regulations of a similar nature will not be applicable The post Argentina Announces New Taxation on Crypto...

Nov 08 2021

Argentinian Exchange Lemon Cash Launches 2% Bitcoin Cashback Visa Card

Users can use the Visa card internationally to purchase regular goods with cryptocurrency and receive 2% cashback in BTC.Argentinian bitcoin exchange Lemon Cash launched a Visa card that offers a 2% cashback in BTC for each purchase.Users can use the international card to buy everyday consumer items at any merchant that accepts Visa.Lemon automatically converts the necessary amount of...

Oct 27 2021

Latin America, Tipping Point: Bitcoin Beach Brazil, Colombia ATMs, Mining Arg

Did we overestimate Latin America’s interest in Bitcoin and other cryptocurrencies? Even though the continent seems to need the technology the most, mainstream adoption feels so far away. The El Salvador experiment might change that, but it’s not a guarantee. And, so far, there are no major indicators that any other country is going to follow suit. Is it too early for this...

Aug 28 2021

Latin America, Tipping Point: Cuba Regulates, Honduras ATM, Venezuela Spends

Is Latin America in the eye of the storm that’ll reshape the world? The region certainly benefits from the existence of Bitcoin and other cryptocurrencies. Latin America needs hedges against inflation and a quick and easy way to send remittances. The cheaper the fees, the better. And when you truly need something, you’re bound to understand it. You have bigger incentives to study,...

Aug 13 2021

Jul 13 2021

South American Soccer Cup “Copa America” Trophy To Be Minted As An NFT

Jul 13 2021 Published at Bitcoinist.com under tags  argentina bitcoin btc btcusd copa america

2021's South American Soccer cup, "Copa America", winner's trophy will be minted as a Non-fungible Token (NFT). Ethernity Chain To Mint Copa America Trophy As An NFT The South American Football Federation (called "CONMEBOL") has announced that it's partnering with Ethernity Chain for minting...

Jul 12 2021

Argentinian Crypto Exchange Buenbit Raises $11 Million To Expand Operations In The Continent

Jul 12 2021 Published at Bitcoinist.com under tags  argentina bitcoin btc btcusd crypto

Buenbit, an Argentina based crypto exchange, has raised $11 million in a funding round. The firm plans to expand operations in Latin America. Crypto Exchange Buenbit Raises $11 Million The platform announced on Monday that it has raised $11 million in a Series A funding round led by Libertus Capital. Other members of the funding round included FJ Labs, Amaiya Management, Alec Oxenford...

Jul 08 2021

Worldwide Adoption: Mexico And Argentina Flirt With Bitcoin Law

The road to worldwide adoption starts with one step. El Salvador took it with their Bitcoin Law. After their announcement, every country in the region seems to be testing the waters in its own way. And now it’s Mexico and Argentina’s turn. If we take out Portuguese-speaking Brazil, these two are the biggest markets in Spanish-speaking Latin America. And they’re both flirting with...

Jul 07 2021

Member Of Argentina's National Congress Submits Bill To Allow Workers To Receive Salary In Bitcoin

Workers in Argentina may be able to receive pay in BTC and store their wealth without fear of inflation.The “Pay Me In Bitcoin” movement just got a lot stronger today when José Luis Ramón, a member of Argentina’s National Congress, announced he submitted a bill that would allow workers in a dependency relationship and exporters of services to have the option of...

May 31 2021

Subsidized Energy And Shrinking Economy Lead To Bitcoin Mining Boom In Argentina

Low energy costs, high inflation and restrictive capital controls have pushed residents of Argentina to mine bitcoin in their homes.Bitcoin miners in Argentina are taking advantage of the country’s shrinking economy and its debased currency to harvest oversized returns, powered by cheap, government- subsidized energy,...

Bitcoin Mining Booms in Argentina in the Wake of Growing Hyperinflation

Argentina is increasingly becoming the choice of Bitcoin miners because of the availability of cheap subsidized commercial electricity and controlled foreign exchange limit which help miners to make significant profits on Bitcoin...

May 18 2021

Bitcoin Usage Continues To Accelerate In Argentina

The country is a haven for the digital asset as it embraces the revolution of independent money.The presence of bitcoin continues to accelerate in Argentina, a country that has been severely affected by government-sanctioned anti-free market policies. Citizens of...

May 14 2021

Argentina Authorities Require Bitcoin Exchanges To Provide Transaction Data

Government authorities in Argentina are requiring cryptocurrency exchanges in the country to provide monthly data on users and transactions.Despite various anti-free market policies discouraging bitcoin use in Argentina, adoption has continued to accelerate in the capital control-stricken country. In the government’s most recent move, the Federal...

May 06 2021

Latin American E-Commerce Giant MercadoLibre Bought $7.8 Million Of Bitcoin

MercadoLibra, a publicly-traded e-commerce giant, disclosed a $7.8 million bitcoin purchase and plans to hold the BTC indefinitely.Argentina-based e-commerce leader MercadoLibre has disclosed that it purchased $7.8 million worth of bitcoin earlier this year, with plans to hold the asset on its balance sheet indefinitely.According to...

Jan 28 2021

Bitcoin and Inflation: Everything You Need to Know

The cryptocurrency was designed to counter the harms of inflation, but is this really such a big issue?

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

Jan 28 2021 Published at CoinDesk under tags  agriculture argentina business news tech

Farm assets like soybeans will be tokenized on a platform from CoreLedger for trading against other assets like cattle or fiat currency.

Jan 25 2021

Bitcoin Searches in Argentina Spikes Significantly as Annual Inflation Rates Crosses 40%

Jan 25 2021 Published at Coingape under tags  argentina bitcoin bitcoin news btcbrl btcbusd

Bitcoin searches have seen an unprecedented rise in Argentina when compared to the rest of the world, and many believe the reason could be its annual inflation rate which is currently about 40%. People from financially troubled...

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