The popularity of bitcoin in Argentina continues to grow after a new monthly limit on the purchase of US dollars has been set in the country.
As reported
Clarín’s local news outlet, citing the Central Bank of Argentina (BCRA), the limit on the purchase of US dollars was reduced to $ 200 per month per person.
In September of this year, Argentine authorities limited
the amount of US dollars available for purchase by citizens in the amount of $ 10,000. Then a financial expert called on Argentines to buy bitcoins. The latest statement by the Central Bank said:
“Given the current degree of uncertainty, the BCRA Board of Directors decided on Sunday to take a series of measures aimed at preserving the Central Bank’s reserves. The announced measures are temporary and will be valid until December 2019. A new limit on the purchase of US dollars is set at $ 200 per month for individuals through a bank account and $ 100 for the amount that can be purchased for cash. “
The statement was made the day after Argentinean BTC users completed another record high week in cryptocurrency trading week on the P2P exchange Localbitcoins. According to Coin Dance, in the week preceding the announcement of the Central Bank, the trading volume amounted to $ 240,000.
Recall that in March this year, venture capitalist and well-known cryptocurrency enthusiast Tim Draper advised the president of Argentina to legalize bitcoin in order to improve the economic situation in the country. He met with Argentinean President Mauricio Macri to discuss the economic prospects of a Latin American country. However, on Sunday, Macri lost the election to an opposition candidate, and the country’s policies, including with regard to cryptocurrencies, could soon change.
In April, inflation in Argentina reportedly skyrocketed.
to the highest level since 1992, which prompted citizens of the country to increasingly pay attention to bitcoin as an alternative.
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