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Woman in Argentina is investigated for carrying 7 million pesos "without declaring". Once again, there is an intervention by security forces in Argentina in the case of people traveling with large sums of cash. #Argentina #AFIP #crypto2023
Woman in Argentina is investigated for carrying 7 million pesos "without declaring".

Once again, there is an intervention by security forces in Argentina in the case of people traveling with large sums of cash.

#Argentina #AFIP #crypto2023
😱BREAKING😱: #Argentina monthly #CPI reached 6.6% which is 0.6% higher than the last month. This is mainly because of the increase in the price of food and beverages.
😱BREAKING😱: #Argentina monthly #CPI reached 6.6% which is 0.6% higher than the last month. This is mainly because of the increase in the price of food and beverages.
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An American mining company has opened a data center in #Argentina to mine #bitcoin using energy from 🔥 burning associated gas. This would power 1,200 #ASIC miners from a thermal power plant, which would burn gas that would have been burned anyway, and its heat would wastefully heat the atmosphere, exacerbating the 🌳greenhouse effect. We previously reported that the coal company 🔨 mined 425 $BTC , also using its own surplus energy. It seems that green mining is becoming a trend. #BTC #BinanceLaunchpool
An American mining company has opened a data center in #Argentina to mine #bitcoin using energy from 🔥 burning associated gas.

This would power 1,200 #ASIC miners from a thermal power plant, which would burn gas that would have been burned anyway, and its heat would wastefully heat the atmosphere, exacerbating the 🌳greenhouse effect.

We previously reported that the coal company 🔨 mined 425 $BTC , also using its own surplus energy. It seems that green mining is becoming a trend.
#BTC #BinanceLaunchpool
💵Argentinians Turn to Bitcoin as Inflation Soars💵 Argentina's battle with inflation continues, with recent reports indicating a staggering 276% annual increase. This harsh reality is pushing Argentinians to seek alternative stores of value, and a surprising contender is emerging: Bitcoin. 💰Traditionally, Argentinians have favored the US dollar as a hedge against inflation. However, with the peso losing purchasing power at an alarming rate, citizens are exploring new options. Bitcoin, with its limited supply and decentralized nature, offers a unique proposition. 🔥Economic Insights: High inflation erodes the value of a currency over time. Everyday goods become more expensive, and savings lose their purchasing power.Traditionally, people turn to stable currencies like the US dollar to protect their wealth during inflation. 🤑Bitcoin presents a new alternative. While volatile, its limited supply (unlike the infinitely printable peso) makes it attractive in an inflationary environment. 🤯What's next? It will be interesting to see if this trend of Bitcoin adoption continues in Argentina. While Bitcoin offers a potential hedge, it's important to remember its own inherent volatility. This is a complex economic situation, and only time will tell how it plays out. $BTC $ETH #HotTrends #trending #Bitcoin(BTC) #Argentina
💵Argentinians Turn to Bitcoin as Inflation Soars💵
Argentina's battle with inflation continues, with recent reports indicating a staggering 276% annual increase. This harsh reality is pushing Argentinians to seek alternative stores of value, and a surprising contender is emerging: Bitcoin.
💰Traditionally, Argentinians have favored the US dollar as a hedge against inflation. However, with the peso losing purchasing power at an alarming rate, citizens are exploring new options. Bitcoin, with its limited supply and decentralized nature, offers a unique proposition.
🔥Economic Insights:
High inflation erodes the value of a currency over time. Everyday goods become more expensive, and savings lose their purchasing power.Traditionally, people turn to stable currencies like the US dollar to protect their wealth during inflation.
🤑Bitcoin presents a new alternative. While volatile, its limited supply (unlike the infinitely printable peso) makes it attractive in an inflationary environment.
🤯What's next?
It will be interesting to see if this trend of Bitcoin adoption continues in Argentina. While Bitcoin offers a potential hedge, it's important to remember its own inherent volatility. This is a complex economic situation, and only time will tell how it plays out.

$BTC $ETH

#HotTrends #trending #Bitcoin(BTC) #Argentina
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Argentina's Economic Rollercoaster. 🇦🇷📈📉📊 In a surprising turn of events, President Javier Milei took bold steps on his first day, closing half of the government ministries, sparking both hope and concern among citizens. However, optimism quickly turned to dismay as Milei doubled inflation overnight, causing the peso's exchange rate to plummet from 366.5 to 800 pesos per dollar within a mere 24 hours. Attempting to quell fears, Economic Minister Luis Caputo defended the drastic move, announcing a 2% monthly devaluation target, citing it as a necessary measure for future prosperity in the face of escalating inflation. The harsh reality on the ground revealed alarming figures, with over two-thirds of the population living in poverty and a staggering 161% annual inflation rate as of November – the highest in the year. Surprisingly, the International Monetary Fund (IMF) praised Argentina's reduction in government spending, hailing it as a crucial step towards stability and economic rebuilding. As the country grapples with this economic turmoil, all eyes are now on Argentina's central bank, expected to unveil a new monetary policy in response to the formidable challenges at hand. The rollercoaster of Argentina's economic landscape continues, leaving citizens and global observers on edge, anticipating the next chapter in this tumultuous saga. #Argentina #JavierMilei #IMF #inflation
Argentina's Economic Rollercoaster. 🇦🇷📈📉📊

In a surprising turn of events, President Javier Milei took bold steps on his first day, closing half of the government ministries, sparking both hope and concern among citizens. However, optimism quickly turned to dismay as Milei doubled inflation overnight, causing the peso's exchange rate to plummet from 366.5 to 800 pesos per dollar within a mere 24 hours.

Attempting to quell fears, Economic Minister Luis Caputo defended the drastic move, announcing a 2% monthly devaluation target, citing it as a necessary measure for future prosperity in the face of escalating inflation. The harsh reality on the ground revealed alarming figures, with over two-thirds of the population living in poverty and a staggering 161% annual inflation rate as of November – the highest in the year.

Surprisingly, the International Monetary Fund (IMF) praised Argentina's reduction in government spending, hailing it as a crucial step towards stability and economic rebuilding. As the country grapples with this economic turmoil, all eyes are now on Argentina's central bank, expected to unveil a new monetary policy in response to the formidable challenges at hand.

The rollercoaster of Argentina's economic landscape continues, leaving citizens and global observers on edge, anticipating the next chapter in this tumultuous saga.

#Argentina #JavierMilei #IMF #inflation
Will President Milei's Bitcoin Support Tackle Argentina's Inflation Crisis? 🇦🇷 In #Argentina 's run-off presidential election, Javier Milei secured a victory, tallying over 55% of votes with 99% counted, triumphing over Sergio Massa. Massa conceded with nearly 3 million votes separating them before official results. Milei, critical of Argentina's central bank, blames it for inflation, advocating for private sector control, praising Bitcoin as a return to genuine monetary ownership. However, he hasn't proposed Bitcoin as #legal tender. Massa's approach differs, favoring a central bank digital currency to combat inflation, contrasting with Milei's stance. Despite winning the initial round, Massa couldn't secure outright victory, necessitating the run-off vote. Milei's win in the primary #election set the stage for his presidency, which begins on December 10 amid Argentina's persistent inflation crisis, signaling a potential shift in economic policy. #Binance #crypto2023
Will President Milei's Bitcoin Support Tackle Argentina's Inflation Crisis? 🇦🇷

In #Argentina 's run-off presidential election, Javier Milei secured a victory, tallying over 55% of votes with 99% counted, triumphing over Sergio Massa. Massa conceded with nearly 3 million votes separating them before official results.

Milei, critical of Argentina's central bank, blames it for inflation, advocating for private sector control, praising Bitcoin as a return to genuine monetary ownership.

However, he hasn't proposed Bitcoin as #legal tender. Massa's approach differs, favoring a central bank digital currency to combat inflation, contrasting with Milei's stance. Despite winning the initial round, Massa couldn't secure outright victory, necessitating the run-off vote.

Milei's win in the primary #election set the stage for his presidency, which begins on December 10 amid Argentina's persistent inflation crisis, signaling a potential shift in economic policy.

#Binance
#crypto2023
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Argentina Accepts Contract Payments in Bitcoin and Other Cryptocurrencies Minister of Foreign Affairs Diana Mondino shared this development on X platform on December 21, in response to a governmental decree in Argentina.Diana Mondino, Argentina's Minister of Foreign Affairs, has announced the legalization of certain types of currencies in contracts, with Bitcoin being one of the accepted forms of payment, as per the government decree. In a post on December 21 on the X platform, Mondino indicated that the decree seems aimed at economic reform and eliminating restrictions, allowing the use of BTC and other cryptocurrencies domestically under specific conditions.The decree, titled "Basis for the Revitalization of Argentina's Economy," passed on December 20, doesn't explicitly mention cryptocurrencies but includes provisions enabling debtors to choose non-legally recognized currencies in Argentina for payment. Mondino stated, "We affirm and confirm that in Argentina, contracts can be settled with Bitcoin and any other cryptocurrency."President Javier Milei appointed Mondino as the Minister of Foreign Affairs following his electoral victory over the then Finance Minister Sergio Massa. Many in the community see Milei's win as a positive signal for the adoption of cryptocurrencies in Argentina.Milei assumed office amidst rising inflation across the country. The economic decree followed his first national address, outlining measures to address Argentina's economic concerns.The President previously referred to Bitcoin as a movement aimed at returning money to its original creators, the private sector. Since taking office, he has not publicly commented on digital assets.#BTC #Argentina

Argentina Accepts Contract Payments in Bitcoin and Other Cryptocurrencies

Minister of Foreign Affairs Diana Mondino shared this development on X platform on December 21, in response to a governmental decree in Argentina.Diana Mondino, Argentina's Minister of Foreign Affairs, has announced the legalization of certain types of currencies in contracts, with Bitcoin being one of the accepted forms of payment, as per the government decree. In a post on December 21 on the X platform, Mondino indicated that the decree seems aimed at economic reform and eliminating restrictions, allowing the use of BTC and other cryptocurrencies domestically under specific conditions.The decree, titled "Basis for the Revitalization of Argentina's Economy," passed on December 20, doesn't explicitly mention cryptocurrencies but includes provisions enabling debtors to choose non-legally recognized currencies in Argentina for payment. Mondino stated, "We affirm and confirm that in Argentina, contracts can be settled with Bitcoin and any other cryptocurrency."President Javier Milei appointed Mondino as the Minister of Foreign Affairs following his electoral victory over the then Finance Minister Sergio Massa. Many in the community see Milei's win as a positive signal for the adoption of cryptocurrencies in Argentina.Milei assumed office amidst rising inflation across the country. The economic decree followed his first national address, outlining measures to address Argentina's economic concerns.The President previously referred to Bitcoin as a movement aimed at returning money to its original creators, the private sector. Since taking office, he has not publicly commented on digital assets.#BTC #Argentina
**🚨 Just In: Argentina Presidential Candidate Proposes CBDC 🚨** Sergio Massa, Argentina's presidential candidate and current Minister of Economy, has proposed the introduction of a central bank-issued digital currency (CBDC) as a potential solution to the country's hyperinflation problem. Massa made this announcement during a presidential debate. #Argentina #CBDC #Hyperinflation #DigitalCurrency #EconomicSolution
**🚨 Just In: Argentina Presidential Candidate Proposes CBDC 🚨**
Sergio Massa, Argentina's presidential candidate and current Minister of Economy, has proposed the introduction of a central bank-issued digital currency (CBDC) as a potential solution to the country's hyperinflation problem. Massa made this announcement during a presidential debate.
#Argentina #CBDC #Hyperinflation #DigitalCurrency #EconomicSolution
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