Argentine Foreign Minister Approves the Use of Bitcoin in Contracts. đŠđ·đȘđ
Argentine Foreign Minister Diana Mondino took an exciting step, approving the use of Bitcoin in contracts in Argentina. Mondino announced this decision via Twitter, citing the legal basis that allows payments to be made with different cryptocurrencies, sharing Article 766 as the governing law. This article enables payments to be conducted using various methods, regardless of the legal status of the Argentine peso.
This move is considered a significant development for Argentina, grappling with hyperinflation, as it embraces cryptocurrencies in its financial management. Some leaders in the crypto sector argue that including Bitcoin in the balance sheets of economically challenged countries is crucial.
Argentina's policy shift could serve as a promising example for crypto advocates, showcasing a potential avenue for countries to enhance economic resilience and integrate into the evolving digital economy.
