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Argentina Sees Bitcoin Trading Spike After Restricting Access To The U.S. Dollar
Summary: Argentina saw their third largest week of Bitcoin P2P trading on Localbitcoins. This comes after capital control cut access to the U.S. dollar by 98%, according to the Wall Street Journal. Citizens of Argentina will no longer be able purchase over $200 a month to protect the country’s foreign-currency reserves. The limit which once sat ...
Argentina saw their third largest week of Bitcoin P2P trading on Localbitcoins. This comes after capital control cut access to the U.S. dollar by 98%, according to the Wall Street Journal.
Citizens of Argentina will no longer be able purchase over $200 a month to protect the country’s foreign-currency reserves. The limit which once sat at $10,000 month was cut to $200 a month with a bank account or $100 if you are purchasing in cash. This change came shortly after the country's presidential election brought the Peronist movement back into power.
By Ramsey Baker
Tags: Argentina,Bitcoin,Cryptocurrency,Dollar
Link: Argentina Sees Bitcoin Trading Spike After Restricting Access To The U.S. Dollar [Copy]
