The president of the of the Central Bank of Argentina is concerned about high volatility, lack of legal tender status, cyber-attacks, and operational disruptions with digital currencies.
The bill seeks to allow employees and service exporters to receive part or their full salary in digital currencies in a bid to preserve its purchasing power.
Bitfarms signed a power purchase agreement with an undisclosed private Argentinian power producer enabling the firm to draw up to 210MW of electricity at its discretion.
An Argentinian lawmaker is expected to table a bill in parliament that will give digital currencies legal status in the South American country.
The Argentinian government is cracking down on the digital currency trading sector as it seeks to prevent citizens from dumping the inflationary local currency.
The hackers identified and infected a government server storing a decade’s worth of encrypted government files in Argentina, freezing access on demand of payment in BTC.
The South American country has typically been supportive of allowing crypto-related activity, even instituting crypto payments to pay for public transportation.
Buenos Aires hopes by providing residents a better ID system, they will also be better served by city services.
Huobi Group Founder Leon Li recently met with senior Argentinian finance officials to discuss the role blockchain could play in that country’s future.
In a meeting with Argentinean President Mauricio Macri, the venture capitalist reportedly said he would double his investments in Argentina if the peso gained value at a higher rate than Bitcoin.
Binance is poised to introduce its exchange to the country, possibly in the very near future, CEO Changpeng Zhao hinted.