ArgentinaBitcoin PriceCointelegraph.comCryptocurrency ExchangeNew Year's Special

A year into the pandemic: How Argentina’s economy struggled while its crypto ecosystem flourished

Let’s relive the events have that marked the Argentine crypto space since the beginning of the COVID-19 pandemic and hear the opinions of those in the industry that lived them from the inside.
The year 2020 will go down in history as the beginning of the COVID-19 pandemic and the way it affected the Argentine economy. But it is also true that Argentina has been dragging along economic problems for decades, with high fiscal pressure, devaluation of the national currency (the Argentine peso), restrictions on the purchase of foreign currency, etc. Beyond that, events have occurred that have to do with attempts to regulate the crypto ecosystem, in addition to those linked to private companies and the adoption of cryptocurrencies. The following is a summary of the events that marked the last year and the opinions of various people who lived it from inside the ecosystem.First quarter of 2020With a great variety of ways to calculate the price of the U.S. dollar, in Argentina they speak of the “Bitcoin dollar”Investing in livestock with digital tokens is proposedThe Bitso cryptocurrency exchange lands in ArgentinaThe former president of Argentina’s central bank proposes the creation of a digital currencyGovernors of Argentina analyze the possibility of issuing cryptocurrenciesSecond quarter of 2020Bitcoin’s qualities stand out over the Argentine banking systemDemand for cryptocurrency transfers increasesBecause of COVID-19, Argentine banks put restrictions on withdrawing moneyThe president of the NGO Bitcoin Argentina warns about trends toward totalitarian ideas as a result of COVID-19The price …
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