A crumbling local currency and strict capital controls have more Argentines turning to crypto.
significantly. He cautioned that this could change if the U.S. dollar began exhibiting serious problems.
On a broader scale, Argentina appears to be taking a cautious approach to digital asset regulation. In a 2021 Youtube interview, Argentine President Alberto Fernandez, “There’s a huge discussion about cryptocurrencies, it’s a global debate and I must confess it’s a matter of caution.” On a brighter note, he also stated that “crypto has an advantage” because “it helps contain inflation” and that, “in a sense, it’s a steady asset.”
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