Topic: Argentina has officially approved the agreement to legalize the use of Bitcoin - page 2. (Read 603 times)
December 22, 2023, 05:41:28 PM
Good to hear it. BTW, Argentina's economy is collapsing right?
December 22, 2023, 04:23:11 PM
El Salvador, Argentina, and who's next?
Well, the adoption has continued to grow and people have changed their views against Bitcoin, they now see the benefits and opportunities of this technology. We can expect more places to accept Bitcoin as a legal tender and another payment option. For the Argentinian people, it was their chance to enjoy their Bitcoin and the chance for local businesses to accept Bitcoin's payment.
People build confidence using Bitcoin when they know that was legalized already, unlike in the country, it wasn't banned but the support of the government isn't there which could affect the trust and confidence of the users and the ones who accept it as payment as well.
Well, the adoption has continued to grow and people have changed their views against Bitcoin, they now see the benefits and opportunities of this technology. We can expect more places to accept Bitcoin as a legal tender and another payment option. For the Argentinian people, it was their chance to enjoy their Bitcoin and the chance for local businesses to accept Bitcoin's payment.
People build confidence using Bitcoin when they know that was legalized already, unlike in the country, it wasn't banned but the support of the government isn't there which could affect the trust and confidence of the users and the ones who accept it as payment as well.
December 22, 2023, 04:01:55 PM
Regardless, this is still good news. Bitcoin being recognized by a country to be used in contracts and deals is one good improvement. People in Argentina won't be worrying about their deals in cryptocurrency being ignored by the court. This time the government is supporting Bitcoin deals and contracts that can further boost the Bitcoin real-life application. I think there is no need for Argentina to make Bitcoin a legal tender, a mode of payment, or being recognized in contracts and deals is enough, IMO.
Yea I agree, regardless of how Bitcoin is being legalised or accepted its an acceptance
by the authorities of Bitcoin. It probably means baby steps on the route to full El Salvador
type legalisation and adoption but I would say it will happen.
There was a fair bit of negativity around after El Salvador announced they were adopting
Bitcoin as legal tender and I dont think that will be the case with Argentina, the mould
has been broken by Bukele!
December 22, 2023, 03:59:14 PM
The market doesn't seem to care about this news too much. I thought this could've been a catalyst for a recent spike in the price but the timing is off. The price went up before this was announced.
December 22, 2023, 03:49:13 PM
It's interesting and a bit disturbing to be honest that El Salvador news was more popular in the media and pushed bitcoin to new highs, but there's literally nothing going on with the price at the moment. El Salvador is a banana republic when you compare it to Argentina. Argentina is a giant with a lot of natural resources. If it fixed its politics and Milei is on the right track here, it could become a very rich country. It already is the second in GDP on the continent while facing hyperinflation, so IMO even though they aren't making bitcoin legal tender it's much bigger news than El Salvador.
December 22, 2023, 03:36:13 PM
We saw El Salvador become the first country to accept Bitcoin as legal tender, and since then many countries have adopted Bitcoin.
No doubt many countries have legalized BTC and the use of cryptocurrency in their country, but it does not mean, it is equal to the level of El Salvador because El Salvador has made it their legal tender which totally differs from making it legal in your country. So, even if the new president is legalizing BTC then it does not mean it will become a legal tender in Argentina.Well, if it becomes the adoption is just doubled from here, because it will gain a hell lot of traffic and this traffic will increase the demand over supply and the price will shoot up so even if big ETFs got rejected, the adoptions like Argentina and many other countries will help BTC to gain value. But of course, the amount that BR would insert in the BTC market might not be inserted by Argentina.
In short, it is a good thing as adoption is all we need.
December 22, 2023, 01:42:47 PM
Regardless, this is still good news. Bitcoin being recognized by a country to be used in contracts and deals is one good improvement. People in Argentina won't be worrying about their deals in cryptocurrency being ignored by the court. This time the government is supporting Bitcoin deals and contracts that can further boost the Bitcoin real-life application. I think there is no need for Argentina to make Bitcoin a legal tender, a mode of payment, or being recognized in contracts and deals is enough, IMO.
December 22, 2023, 01:03:00 PM
Yes I agree with you because there are many such news but should have shared the link here to verify if it is true. If the OP could link to the news that Argentina has approved bitcoin legal tender, maybe people can be sure and know. But as far as I know there is still no news of Argentina legalizing Bitcoin through legal tender. However, the issue of Argentina Bitcoin legalization is under discussion.
The news OP shared didn't say that Argentina has made Bitcoin a legal tender. Even the title made it clear that the country legalize the use of Bitcoin and this news is all over the internet. The news simply shows that the government now recognizes Bitcoin as a currency that can be used for contractual agreements. This shows that Bitcoin is now a government-recognized currency but not yet a legal tender. This is a step in the right direction because Argentina is the second-largest economy in Southern America. This move could also motivate other nations in the region to adopt more flexible policies towards Bitcoin.
Perhaps, the clickbait news is to reaffirm the new government's stand on accepting BTC and cryptocurrencies as legal tender and for transactions as other countries are doing. It is a good initiative to adopt because I believe it will even help the government better grow the economy to sooth unemployment and alleviate poverty to a certain degree.
It is great to be optimistic about the positive impact of Bitcoin on the nation. But it is not good to have very high expectations. Adopting Bitcoin will not singlehandedly grow the economy or reduce unemployment in any country. The government need to do more to tackle these challenges.
December 22, 2023, 12:51:26 PM
The article says nothing about the legal process it would take to turn Bitcoin into something legalized or legal tender in Argentina. Another clickbait article leading to misinformation through a misleading title: "Argentina Approves Bitcoin (BTC) as “Official” Currency".
It's funny all they have to show is a tweet from 'minister of foreign relations and international commerce' and statement from an argentinian 'crypto lending and trading platform'. But what about the people who will vote this proposal? Or is the president going to sign a magic paper where everything he writes becomes reality?
I can be wrong, but I really doubt a divided country like Argentina, where the left wing still has its roots deeply on the ground will let any measures from Milei go ahead without creating lots of obstacles, delays and difficulties. If things were easy as Milei made they look to be during the polls, Macri would have fixed everything between 2015-2019.
It's funny all they have to show is a tweet from 'minister of foreign relations and international commerce' and statement from an argentinian 'crypto lending and trading platform'. But what about the people who will vote this proposal? Or is the president going to sign a magic paper where everything he writes becomes reality?
I can be wrong, but I really doubt a divided country like Argentina, where the left wing still has its roots deeply on the ground will let any measures from Milei go ahead without creating lots of obstacles, delays and difficulties. If things were easy as Milei made they look to be during the polls, Macri would have fixed everything between 2015-2019.
December 22, 2023, 12:36:46 PM
It needs to be understood that there is a huge difference between the legalization of using Bitcoin and the status of Bitcoin as legal tender. They are vastly different and do not have the same implications. In the case of Argentina, Bitcoin is NOT being made legal tender. Merely the use of Bitcoin is being more accepted. And not even for everyone and everything. The acceptance is very limiting and the use of certain currencies in contracts and for payments is the main point of legalization here.
So its not really an "entire" legalization, it is only a partial one.
Although any good news, no matter how small is good for Bitcoin adoption.
So its not really an "entire" legalization, it is only a partial one.
Although any good news, no matter how small is good for Bitcoin adoption.
December 22, 2023, 11:50:35 AM
Perhaps, the clickbait news is to reaffirm the new government's stand on accepting BTC and cryptocurrencies as legal tender and for transactions as other countries are doing. It is a good initiative to adopt because I believe it will even help the government better grow the economy to sooth unemployment and alleviate poverty to a certain degree.
December 22, 2023, 09:00:08 AM
I see two different things here quoted in the articles.
1. Argentina To Accept Contracts In Bitcoin i.e. Contracts Can Now be Settled in Bitcoin.
2. Argentina Approves Bitcoin as a Official Currency.
The latter is wrong to be honest, it's not the official currency of Argentina at all. In the article itself, it says the same thing as point 1.
Just a click bait titles to get more views.
it's a normal strategy that news sites uses to get attention. I have seen all and I read through it, It all falls at the same point. 1. Argentina To Accept Contracts In Bitcoin i.e. Contracts Can Now be Settled in Bitcoin.
2. Argentina Approves Bitcoin as a Official Currency.
The latter is wrong to be honest, it's not the official currency of Argentina at all. In the article itself, it says the same thing as point 1.
Just a click bait titles to get more views.
From my subjectivity Argentina might end up not accepting it as a legal tender because this politicians are usually strategic in attaining office after being elected they might just go against they promises. And its not going to be a one man's decision because it must pass through the law makers (legislature) where some people might oppose but if the majority supports then it's going to be approved officially.
Well let's hope for the best, it might be official legalized too and that will be another stand for other countries to take this step.
December 22, 2023, 08:37:39 AM
Many medias always use a clickbait title, regardless it's accepted as official currency or contract agreement, since there's no official announcement from the Argentina's government, I just take the news as nothing right now.
Based on the new leader and what the foreign affairs minister said is just a matter of time for Argentina to join CAR and El-Salvador, might not happen this year 2023 but it's closer than you think.
Central African Republic withdrawn their laws to accept Bitcoin as their legal tender, so right now it's only El Salvador is still accepting Bitcoin as legal tender. Looking at the impact from Bitcoin as legal tender in El Salvador, it seems Bitcoin has no or less effect to El Salvador. December 22, 2023, 08:07:22 AM
I also got to know.
This information encouraged us to work on Bitcoin even more.
ARGENTINA'S MINISTER OF FOREIGN AFFAIRS AFFIRMS BITCOIN ACCEPTANCE FOR CONTRACT AGREEMENTS
Source: https://bitcoinmagazine.com/business/argentinas-minister-of-foreign-affairs-affirms-bitcoin-acceptance-for-contract-agreements
This information encouraged us to work on Bitcoin even more.
ARGENTINA'S MINISTER OF FOREIGN AFFAIRS AFFIRMS BITCOIN ACCEPTANCE FOR CONTRACT AGREEMENTS
Source: https://bitcoinmagazine.com/business/argentinas-minister-of-foreign-affairs-affirms-bitcoin-acceptance-for-contract-agreements
December 22, 2023, 07:58:29 AM
If you want me to have pictures like the ones you've attached, I can make you hundreds of them in no time. The main point is that you created the post but forgot to share where you got such news before creating the post and when I mentioned you to share the link later you edited your post and then shared the link.
For your information, the link you shared is not accessible. Maybe you read this news a long time ago and the site where you read this news is not accessible now.
I shared the link earlier which you didn't see so added it later.The link I shared is still accessible.You try well maybe your net problem for which you are not able to access the link.For your information, the link you shared is not accessible. Maybe you read this news a long time ago and the site where you read this news is not accessible now.
Try again mate
December 22, 2023, 07:51:25 AM
Where did you get the news and where did you read the news if you share the link of that news then we can go there and know the details. This is not the first time such news is being published, but many similar news have been published before. Bitcoin may be discussed but Bitcoin being discussed and Bitcoin validating are two different things. The truth of the matter will be known only if any such official news comes from Argentina. Maybe the news you read is just rumours. If you are reading my comment, please share the link from where you got this news.
Actually you should have read my post better before posting.Look at the picture that I have added, click on the picture, I hope you will get the details.Still I am sharing that link: https://www.fxempire.com/news/article/argentina-approves-bitcoin-btc-as-official-currency-1397688
For your information, the link you shared is not accessible. Maybe you read this news a long time ago and the site where you read this news is not accessible now.
December 22, 2023, 07:32:10 AM
the steps taken by the argentine minister to ratify bitcoin as an asset that is legally traded and transacted in that country is a good step that can have a positive impact on the economy. even though this is still in the planning stage because the legalization of crypto for use on a larger scale must go through the legislature, this is the right step that argentina must take to be able to improve their digital economy and build their economy nationally, and that can increase adoption bitcoins in the world.
December 22, 2023, 07:11:53 AM
I have read several media and this right information about Argentina has officially approved bitcoin as legal currency payment transaction, but less with top media publishing with this good news despite still waiting accurate information or not. Bitcoin current price still not increasing drastically and keep in the lower price, I think if good Argentina approved bitcoin as legal payment currency seems make bitcoin can up drastically more than 10% but current price not really up drastically.
I checked with my local media have been update but not all media share with this news, still no trust yet with this information because not all media publishing with this positive news. Better waiting with new update about Argentina have legal bitcoin transaction is true fake news only.
I checked with my local media have been update but not all media share with this news, still no trust yet with this information because not all media publishing with this positive news. Better waiting with new update about Argentina have legal bitcoin transaction is true fake news only.
December 22, 2023, 05:26:27 AM
We saw El Salvador become the first country to accept Bitcoin as legal tender, and since then many countries have adopted Bitcoin.
This time maybe Argentina is about to legalize bitcoin in their country. We heard the news after Argentina's new president, Javier Milli, won the election.
Today I saw confirmation from Argentina's appointed Minister of Foreign Affairs that officially approved the agreement to legalize the use of Bitcoin in Argentina.
We saw that people in Argentina have adopted digital currencies such as Bitcoin and USD in recent years.
If Argentina formally approves the agreement to legalize Bitcoin, it would be the first step toward potentially wider crypto adoption in the country.
Get it here: https://www.fxempire.com/news/article/argentina-approves-bitcoin-btc-as-official-currency-1397688
That is now the pull effect, which will only accelerate in the future. While some countries thought that banning BTC might have some merit, it is now inconceivable to think that banning could make sense. Being passive might be the way to go for some countries and instead of banning it, they just don't legalize it. But what options are left for countries when there is a true legalization wave for BTC around the planet? They can't leave this topic untouched forever, especially when more and more large institutional players want to buy and hold BTC as a reserve or investment. There is no way around legalizing it if large players know on the regulators' doors and ask what's going on.
December 22, 2023, 05:10:39 AM
1. Argentina To Accept Contracts In Bitcoin i.e. Contracts Can Now be Settled in Bitcoin.
2. Argentina Approves Bitcoin as a Official Currency.
The latter is wrong to be honest, it's not the official currency of Argentina at all. In the article itself, it says the same thing as point 1.
Just a click bait titles to get more views.
2. Argentina Approves Bitcoin as a Official Currency.
The latter is wrong to be honest, it's not the official currency of Argentina at all. In the article itself, it says the same thing as point 1.
Just a click bait titles to get more views.
Yes, you are correct that it is still not a legal tender in Argentina, it can be only used as a contract. I have been hearing that the legal currency in Argentina would become USD. I am not sure whether it is rumor or it is going to happen. It is a good to hear that another country with big economic issue is now focusing on a sector which IMF won't like it to focus.
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