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Argentine authorities will allow financial contracts to be concluded in cryptocurrencies
The new decree should help reform the country's economic system and reduce market regulation. The document “Fundamentals for the reconstruction of the Argentine economy” was adopted on December 20, while cryptocurrencies themselves are not mentioned in it, but the use of any currencies is allowed, even those not recognized as legal tender in Argentina.
Article 1 196 of the decree emphasizes that the parties can “independently determine the amount and type of currency used for bonds or collateral, as well as the method of its compensation after the end of the contract.”
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The new decree should help reform the country's economic system and reduce market regulation. The document “Fundamentals for the reconstruction of the Argentine economy” was adopted on December 20, while cryptocurrencies themselves are not mentioned in it, but the use of any currencies is allowed, even those not recognized as legal tender in Argentina.
Article 1 196 of the decree emphasizes that the parties can “independently determine the amount and type of currency used for bonds or collateral, as well as the method of its compensation after the end of the contract.”
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