Is cryptocurrency legal in Argentina?

Argentina has served as a regional leader in the area of cryptocurrency. Under the National Constitution of Argentina the only authority capable of issuing legal currency is the Central Bank.

Will crypto solve Argentina's economic problems?

Some people in Argentina are also turning to "stablecoins", which are pegged to the US dollar and are therefore less prone to fluctuations in value. Of course, crypto will not provide a one-stop solution for Argentina's economic woes. And it brings its own problems of currency speculation, fraud, and its environmental impact.

What is crypto & how does it work?

Crypto are digital assets —they have no tangible form. Cryptocurrencies exist and operate on a public ledger called a blockchain, which records all crypto transactions. Blockchain encryption is designed to make all transactions immutable and secure from tampering, counterfeit, and other forms of fraudulent transactions.

Is cryptocurrency a safe haven in Buenos Aires?

Even though the cryptocurrency market has cratered in recent months, many Argentines see it as a safe haven in a country where surging inflation and a grinding economic crisis have battered the national currency, the peso, and people’s bank accounts. “Money here is like ice cream,” said Marcos Buscaglia, an economist in Buenos Aires, the capital.