Topic: Will Argentina Be The Next El Salvador To Accept Bitcoin As Legal Tender? - page 4. (Read 444 times)

El Salvador was the first country to make bitcoin a legal tender, but followed by Central Africa Republic. So Argentina will not be the second becuase CAR is the second. Let us see if Argentina will be the third. But what matters most is not about making bitcoin a legal tender, but for a country to be very friendly with bitcoin and accept it for payment.

Bitcoin is not a transformative solution and does not solve economic crisis which is a result of poor fiscal policies. I sincerely hope he does not hope Bitcoin will be a band-aid solution to the country's situation cause that will show lack of connection with the reality of fixing a troubled state.

The government cannot function without the central bank and will not (cannot) replace that with Bitcoin.

From what i have read it looks like they will not make Bitcoin a legal coin as El Salvador did, but they will work in some crypto-friendly laws to warrant some free circulation of cryptocurrencies.

Let's keep an eye on Argentina because with this president they will bring some surprises to the world. And if they start adopting cryptos that will be something great for the country's economy.

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Javier Milley has won Argentina's second round of presidential elections. In Argentina's second round of presidential elections, Miley's opponent was left-wing candidate Sergio Massa.

Almost 90 percent of the votes have been counted in Argentina's presidential election. According to the preliminary results, Millei got about 56 percent of the votes. Masa got about 44 percent of the vote.

In other words, Milley won by a margin of more than 10 percent of votes over Masa.

Milley was elected president of Argentina at a time when the country was in the midst of an economic crisis. Inflation is increasing in the countryArgentina's annual inflation has exceeded 140 percent.
Milley sees Bitcoin as a transformative solution to improve her standard of living in Argentina. He envisions it as a way to return control of money to the private sector. Milley sees the decentralized nature of Bitcoin as the right way out of the centralized control exercised by Argentina's traditional financial institutions, including the central bank. So far, however, Milley has not explicitly proposed making Bitcoin legal tender in Argentina. If Milley proposes and implements it, Argentina will be the second country to use bitcoin as legal tender. As before, El Salvadar became the first country to use Bitcoin as legal tender in 2021.