Argentina's Foreign Minister Confirms Legalization of Bitcoin for Contractual Agreements

Argentina's foreign minister, Diana Mondino, has confirmed that the country's new government has legalized the use of Bitcoin for contractual agreements. This announcement aligns with the focus of the new administration headed by the newly elected president of Argentina, Javier Milei, who is a Bitcoin supporter and a staunch opponent of central banks. The decree legitimizes the use of specific assets in contracts and payments, including Bitcoin and any other crypto or commodity. At the time of writing, Bitcoin was trading at $43,708, up 0.04% on the day and gaining 2.11% across the week.