Argentina Central Bank Blocks Crypto Payments

in crypto •  2 years ago 

Argentina Central Bank Blocks Payment Apps and Services From Offering Crypto Amid Rapid Fiat Debasement: Report

“Payment service providers that offer payment accounts may not carry out or facilitate operations with digital assets, including crypto assets, that are not regulated by the competent national authority and authorized by the Central Bank of the Argentine Republic.”

The Argentinian peso is currently down over 98% from its all time high against the US dollar, and BTC is currently at an ATH when priced in the Argentinian peso.

Why don't they also limit USD transactions? OK, they did! With disastrous effects both with and without such currency controls. For one of the wealthiest developing nations, this is a sorry mess.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE BLURT!
Sort Order:  
  ·  2 years ago  ·  

A country rich in agriculture and resources crippled by corruption - and worse, the corruption is not even intelligent! lol

again, the IMF warned/predicted this - many countries will lose their financial sovereignty - that's the plan of far fewer national currencies.

  ·  2 years ago  ·  

More central banksterism.

Brazil Central Bank CBDC Pilot Snubs Crypto Firms

The bank requires all would-be participants to be registered and regulated finance or fintech providers.