Argentina’s new government has officially legalized the use of Bitcoin and other cryptocurrencies for contract settlements and payments under a new economic decree.
Diana Mondino, the country’s Minister of Foreign Affairs, International Trade and Worship, announced the development on social media on Dec. 21.
Mondino said:
“We ratify and confirm that in Argentina contracts can be agreed in Bitcoin.”
She continued:
“And also any other crypto and/or kind such as kilos of beef or liters of milk… Art 766. – Obligation of the debtor. The debtor must deliver the corresponding amount of the designated currency, whether the currency is legal tender in the Republic or not.”
This development comes amidst Argentina’s ongoing battle with hyperinflation and a weakened economy. The country’s new administration, led by President Javier Milei, has been exploring innovative ways to stabilize the economy and provide alternative financial solutions to its citizens.
By integrating crypt
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