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09 May 23

Argentina’s citizens embrace crypto despite central bank ban

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Argentina is facing a challenging financial landscape, with its Central Bank imposing restrictions on cryptocurrency transactions via payment providers, even as the public increasingly adopts digital currencies to safeguard their wealth. As Argentina’s economy grapples with economic turmoil and a surging […]

29 Apr 23

Argentina imports banknotes amid crisis while citizens turn to bitcoin

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Argentina’s Casa de la Moneda struggles to keep up with the central bank’s demand for new banknotes, prompting it to import 1,160 pallets of 1,000-peso denomination banknotes from Paris and Malta. At the same time, bitcoin’s (BTC) popularity in the country […]

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14 Mar 23

Biden urges US citizens to trust banks amid ongoing collapse

Following the Silicon Valley Bank collapse, US President Joe Biden sought to portray calm on March 13 by assuring US citizens that the country’s financial and banking systems are secure. In a move that has sent shockwaves throughout the banking industry, The Federal Deposit Insurance Corporation (FDIC) took possession of Silicon Valley Bank’s assets on […]

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27 Feb 23

US citizens still own crypto despite bear market, survey shows

The vast majority of Americans want to see the financial system modernized. They believe that cryptos could be a potent part of the answer, according to a February 2023 nationwide survey of 2000+ general population respondents commissioned by Coinbase. Coinbase hired Morning Consult in February to poll more than 2000 American people. According to the […]

11 Jan 23

Argentina legislation may force citizens to declare their digital asset holdings

Argentina is set to introduce a new draft bill requiring citizens to declare their cryptocurrency holdings. Otherwise, they could face hefty tax penalties. Argentina’s new draft bill targets crypto assets The bill is meant to tighten the country’s anti-money laundering rules and will be presented to the Federal Administration of Public Revenues (AFIP) in the […]