The use of Bitcoin will be allowed for the execution of contracts in Argentina, minister of Foreign Affairs Diana Mondino announced on her social media channels on Thursday. This means that, as part of the broader economic deregulation pursued by President Javier Milei's, contracts can be agreed on any mean of payment in the country, including cryptocurrencies such as Bitcoin.
The "free competition of currencies" was one of the slogans advocated by Milei's party, 'La Libertad Avanza.' However, while crypto enthusiasts were optimistic about Bitcoin's acceptance, the administration hadn't explicitly confirmed its intention until now.
