Milei’s ‘Deep Chainsaw’ Trims Thousands of Jobs in Argentina

November 4, 2024 Bitcoin.com

Argentina

Deep Chainsaw, the name given to President Milei’s plan to trim the bureaucratic excesses in state institutions, recently reached a milestone in savings for the country. Milei celebrated that the program eliminated over 33,000 job positions. Argentina’s Minister of State Transformation and Deregulation, Federico Sturzenegger, had reported this previously, stating that “the only sustainable way […]

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Historic: Central Bank of Argentina Hosts Cryptocurrency Art Exhibition

November 4, 2024 Bitcoin.com

Argentina

The Central Bank of Argentina has opened its doors to host a cryptocurrency-themed art exhibition for the first time. The show, titled “Art, Artificial Intelligence and the Future of the Economy,” includes a series of bitcoin mining machines, several spheres that display ether and bitcoin prices, and another sphere filled with destroyed physical money. Alberto […]

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‘Deep Chainsaw’ Sinks Deeper as Milei Axes Tax Enforcer in Argentina

October 24, 2024 Bitcoin.com

AFIP

President Javier Milei has taken yet another step in reducing the size of the state. Through the President’s Office X account, Milei revealed that he would axe AFIP, the current tax enforcer in Argentina, replacing it with a simpler, smaller agency, eliminating over a third of the institution’s current structural organization. President Javier Milei Announces […]

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Industry Stakeholders Cautious as Argentina Drafts New Crypto Regulations

October 22, 2024 Bitcoin.com

Argentina

Cryptocurrency industry members in Argentina expressed their opinions regarding a new draft that proposes restrictions on the operation of crypto institutions in the country. If the draft is approved, each institution will register with a minimum capital amount to operate on Argentine soil. Argentina Submits Draft for VASP Rules to Public Consultation Argentina is innovating […]

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Latam Insights: Brazil Pushes BRICS Away From the US Dollar, Bitcoin Adoption Falters in El Salvador

October 21, 2024 Bitcoin.com

Adoption

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Brazil pushes BRICS to use national currencies instead of the dollar, bitcoin adoption reaches critical levels in El Salvador, and smart contracts achieve legal status in Argentina. Brazil Pushes BRICS to Shift From […]

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Smart Contracts Achieve Legal Breakthrough in Argentina

October 15, 2024 Bitcoin.com

Argentina

Smart contracts, the blockchain-automated programs, are now legal in Argentina after local jurisdiction recognized the enforceability of the first one. They can now be used to execute rental agreements, purchase payments, and other legal contracts, as cryptocurrency is now approved for use as payment in commercial contracts in the country. Smart Contracts Reach Legally Enforceable […]

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Chainalysis Latam Report Highlights Major Crypto Growth Milestone in Surprising Nation

October 12, 2024 Bitcoin.com

Argentina

A Chainalysis report reveals that Argentina surpassed Brazil in cryptocurrency value received during the period examined, highlighting the high adoption of stablecoins in Latin America. However, Venezuela was the market that grew the most, rising by 110% despite the current political and economic turmoil the nation is facing. Chainalisis Latam Report: Argentina Beats Brazil, Venezuela’s […]

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Latam Insights: Bukele Offers Bitcoin Advice to Argentina, Uruguay Passes Crypto Law

October 7, 2024 Bitcoin.com

Argentina

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, El Salvador’s President Nayib Bukele meets with President Milei in Argentina, offering bitcoin advice to the Senate, and Uruguay passes a cryptocurrency law after over two years of discussion. Bukele and Milei Meet: […]

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Bukele Advises Argentine Vice President on Bitcoin and Volcano Bonds

October 3, 2024 Bitcoin.com

Argentina

During his official visit to Argentina, Bukele met with Victoria Villarruel, the nation’s vice president, to discuss cryptocurrency and the Salvadoran experience with Bitcoin. While the meeting was private, a video released before the meeting shows Villarruel asking Bukele about the first cryptocurrency and the yet-to-be-issued bitcoin-backed “volcano bonds.” Bukele Talks Cryptocurrency and Bitcoin Bonds […]

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‘Deep Chainsaw’ Advances: Milei to Eliminate National Coin House

October 3, 2024 Bitcoin.com

Argentina

The Administration of Javier Milei has revealed that the Argentine Coin House, the equivalent of the U.S. Bureau of Engraving and Printing, will be closed as part of the ‘deep chainsaw’ cost reduction plan. The announcement was made by Deregulation and State Transformation Minister Federico Sturzenegger, who also stated that other state-dependent institutions would be […]

Argentina

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