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Scoop.it!
Argentina’s new president, Mauricio Macri, is good news for the legal status of Bitcoin in the country. 
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Scoop.it!
Number of Argentinian Merchants Accepting Bitcoin Doubles Amid Inflation Concerns - Bitcoin Magazine
Since last year, the number of bitcoin merchants in Argentina has doubled, according to the Financial Times. This growth comes primarily from small busines...
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From
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Soledad Rodríguez Pons admits she had no idea what bitcoin was when it was suggested to her two years ago that the digital currency could provide a neat way of dodging Argentina’s strict capital controls.
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ante Castiglione stalked through the doors of a glass-walled office tower on the edge of downtown Buenos Aires, just a few hundred feet from the old port district. In the crowded elevator, he shook his head and muttered under his breath about the stresses of the day and his profession. “I swear, this job can kill me,” he said, his eyes cast downward.
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With its volatile currency and dysfunctional banks, the country is the perfect place to experiment with a new digital currency.
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Argentine citizens have never really had a stable national currency; a never-ending drama of repeating hyper-inflationary episodes has gradually eroded any last...
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With over $250m of venture capital invested in bitcoin startups to date, much is at stake in understanding which markets will prove most fertile for bitcoin. In addition, many governments and regulatory agencies are seeking to better understand the economic opportunities presented by bitcoin along with the perceived risks.
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In Argentina, the exact opposite occurs. Firms such as San Francisco-based BitPagos will take the dollars received by tourism industry clients in Buenos Aires and deliver them bitcoins in return.
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The currency black market is hot in Latin America. We recently told you that wealthy Venezuelans are procuring U.S. dollars abroad and dumping them on the local black market to arbitrage the artificially low official exchange rate.
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Curated by jean lievens
Economist, specialized in political economy and peer-to-peer dynamics; core member of the P2P Foundation
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