[Argentine judicial authorities recognize the legal effect of smart contracts for the first time] Golden Finance reported that the Argentine judicial authorities recently recognized the legal effect of blockchain-based smart contracts for the first time, marking a major breakthrough in the country's application of blockchain technology. This decision makes smart contracts legally enforceable in Argentina, paving the way for their application in commercial fields such as lease agreements and purchase payments. It is reported that the first legally recognized smart contract is a loan agreement built on the Cardano blockchain. The contract was reached by two Argentine Cardano ambassadors, Mauro Andreoli and Lucas Macchia, involving a four-month loan of 10,000 ADA (about US$3,430) with an annual interest rate of 10%.