According to Argentina’s Foreign Minister, financial contracts can now be denominated in bitcoin or any other medium of exchange that the parties to the contract so choose. In addition, debtors will be obligated to “deliver the corresponding amount of the designated currency, whether the currency is legal tender in the Republic or not.”
Pressure Mounts on Milei to Dollarize
Argentinian Foreign Affairs Minister Diana Mondino has announced that financial contracts can now be denominated in Bitcoin. According to Mondino, residents can also settle contracts with any medium of exchange that the parties to the contract so choose.
Ratificamos y confirmamos que en Argentina se podrán pactar contratos en Bitcoin.
— Diana Mondino (@DianaMondino) December 21, 2023
Remarks by a top member of the recently elected Argentinian government are seen as an indication of President Javier Milei’s determination to honor some of the promises he made on the campaign trail. Milei, who is pro-bitcoi
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