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The Argentine government under President Javier Milei has officially adopted Bitcoin as legal tender, marking a revolutionary step in economic policy. This decision comes as Argentina faces severe inflation and currency devaluation issues.
President Milei announced that Bitcoin will be integrated into the national financial system, allowing citizens to use it for everyday transactions, tax payments, and savings. The move aims to provide financial stability and reduce dependence on traditional banking systems.
Economic analysts highlight that this bold strategy could position Argentina as a leader in cryptocurrency adoption in Latin America. The government is also developing educational programs to help citizens understand and safely use Bitcoin.
While some critics express concerns about volatility, supporters argue that Bitcoin offers a hedge against inflation and greater financial inclusion for unbanked populations. |
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