RATE Group | Economic Uncertainty, Restrictions in Argentina Show Power of Bitcoin
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Economic Uncertainty, Restrictions in Argentina Show Power of Bitcoin

11 Dec Economic Uncertainty, Restrictions in Argentina Show Power of Bitcoin

Posted at 19:02h in Bitcoin News by

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In the weeks following dramatic new restrictions regarding the acquisition of both bitcoin and USD in Argentina, the local crypto community has reacted in a number of interesting ways, showing both the possibilities of Bitcoin as a financial tool in the face of government constraints as well as the decentralized crypto asset’s resilience to measures against it. 

The Evolving Bitcoin Landscape in Argentina

The temperature has steadily been rising in the Argentinian crypto space for several months of 2019, creating a clear timeline for the increased acceptance of bitcoin and other alternative assets. The nation’s economy and fiat currency have been especially wobbly since August 2019 as the stock market hemorrhaged during an upset presidential election. In addition to damaging the return…

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