Argentina’s foreign minister says contracts can be settled in Bitcoin
As the cryptocurrency industry proliferates worldwide, its assets are becoming increasingly accepted into mainstream use, and recently, Argentina’s foreign minister has confirmed that the country’s new government has legalized the use of Bitcoin (BTC) for contractual agreements. Indeed, Diana Mondino, the minister of foreign affairs, international trade, and worship of Argentina, was referring to a decree legitimizing the use of specific assets in contracts and for payments, stating it would also apply to Bitcoin, as she explained in an X post published on December 21. Ratificamos y confirmamos que en Argentina se podrán pactar contratos en Bitcoin. — Diana Mondino (@DianaMondino) December 21, 2023 As she said in her next post, this decree also refers to the use of “any other crypto and/or commodity, such as kilograms of beef or liters of milk,” adding an article from the decree aimed at economic reform and deregulation that further explains the matter: “Article 766. ...