▪️Bitcoin News: Javier Milei Wins Argentine Presidency; Bitcoin Gains Nearly 3% #btctoday #bitcoinupdates #Argentine #ArgentinaElection

"If you want to end scam of monetary emission to cover for treasury & end #inflation .the only way is to close Central Bank," #Argentine presidential candidate Javier Milei stated.

https://news.bitcoin.com/argentina-debates-dollarization-in-the-midst-of-rampant-devaluation-and-/

Is Argentina Embracing Crypto and Tax Reform Under Milei's Leadership? 🇦🇷

The new #Argentine government led by Javier Milei introduced the Law of Bases and Starting Points for the Freedom of Argentines, proposing reforms affecting tax, labor, and other sectors.

The bill allows the legalization of crypto holdings without extensive documentation, imposing a flat tax of 5% to 15% based on declaration timing. Milei, known for his libertarian stance, aims to ease #crypto integration amid rising inflation.

Earlier decrees hinted at using cryptocurrencies in the country, addressing economic reforms and #debt payments in non-legal tender currencies, though Milei has yet to discuss digital assets publicly since taking office.

#Binance
#crypto2023

Will Bitcoin Replace the Peso? 🪙

The #Argentine Peso is in freefall, losing 75% of its value against the US dollar in just a year!

To escape the economic chaos, Argentines are turning to #Bitcoin in record numbers. Local exchanges are swamped, with Bitcoin purchases doubling in a week.

Is Bitcoin becoming a lifeline for Argentines or just a risky gamble? One thing's for sure, the future of Argentina's #currency is looking shaky, and its citizens are betting on crypto to weather the storm.

#Binance
#crypto2024