Post
Topic
Board Economics
Re: Bitcoin becoming a safehaven currency in Argentina
by
alyssa85
on 05/11/2019, 20:07:53 UTC
The Argentinian Central Bank is now putting restrictions on the purchase of bitcoin:

https://u.today/bitcoin-trading-volume-hits-new-ath-in-argentina-after-central-bank-banned-purchasing-crypto-with

Quote
In order to preserve its foreign exchange reserves, the Central Bank of Argentina (BCA) barred its citizens from buying cryptocurrencies with credit or debit cards on Oct. 31. From now on, cryptocurrency investors are only able to transfer funds from their bank accounts.

To give you an idea of how worthless the Argentinian Peso is, Google says 1 Argentinian Peso = 0.0000018 bitcoin.

Thats right: 1 Argentinian Peso = 180 satoshi.