Settling a contract in bitcoins? Early yesterday evening, the news had the effect of a bomb on social networks and more particularly within the cryptosphere. A minister in the government of the new Argentine President posted a message suggesting that Bitcoin could be used to pay for goods or services in the country, exactly like the peso. We expected Javier Milei to talk about cryptocurrency quickly and we were served! Be careful, however, as Argentinian legislative twists and turns could hamper the crypto desires of the lady in question.
Foreign Minister posts message about Bitcoin
Here is the message in question posted yesterday evening, Paris time:
“ We ratify and confirm that in Argentina contracts can be settled in bitcoins. »
Diana Mondino, Minister of Foreign Affairs of Javier Milei – Source: account
Diana MondinoMinister of Foreign Affairs in President Milei’s tight government, therefore threw a wrench in the pond by confirming what all crypto observers anticipated: Argentina is on the verge of giving Bitcoin a prominent place in its economy.
She will finish her message by specifying that it will also be possible to settle these famous contracts using any other cryptocurrency, or even by paying in kind. “with meat or a liter of milk”. To justify this, she cites an extract from an article of law which stipulates that a “debtor must remit the corresponding amount, whether the currency is legal tender in the Republic or not”.
However, it is important to remain cautious with this type of announcement, because the new President does not have a legislative majority in the country and it will therefore be difficult for him to pass laws. However, we have a fairly clear idea of what is going on behind the scenes and the direction the country wants to take.