Argentina’s Minister of Foreign Affairs, Diana Mondino, makes a historic declaration, affirming the acceptance of Bitcoin for official contracts. This move signals a progressive step in acknowledging BTC’s legal status within the country, following the recent victory of Bitcoin-supportive presidential candidate Javier Milei.
Argentina’s Minister of Foreign Affairs, Diana Mondino, has officially declared the country’s willingness to embrace Bitcoin for contractual agreements. This groundbreaking statement comes in the wake of Javier Milei’s triumph in the presidential race, who has previously praised Bitcoin as a tool to counteract inflation.
Mondino’s announcement signifies a pivotal moment in Argentina’s approach to Bitcoin, extending recognition beyond mere acknowledgment. The government, under Milei’s influence, aims to accept and formalize contracts denominated in Bitcoin, showcasing a progressive stance toward integrating cryptocurrency into the nation’s legal landscape.
The Minister’s assertion cites Article 766, emphasizing the obligation of the debtor to deliver the designated amount in the chosen currency, including Bitcoin and other cryptocurrencies. While the finer details of implementation are yet to be outlined, this move is a significant leap toward legitimizing Bitcoin in Argentina’s formal agreements, potentially setting a precedent for other countries.
Argentina’s proactive approach underscores its commitment to leveraging Bitcoin’s potential for economic growth and innovation. This development not only enhances the country’s investment environment but may also inspire other nations to explore similar paths in incorporating Bitcoin into their legal frameworks.