Argentina’s Minister of Foreign Affairs Diana Mondino has confirmed that the nation will start recognizing Bitcoin as a legally accepted currency for entering contracts.

This coincides with recent circulating reports indicating a continued decline in the value of the Argentinian currency (ARS).

Argentina Embraces Bitcoin Amidst Price Surge

In a post on X (formerly Twitter), Mondino made the announcement that citizens in Argentina will be able to use Bitcoin to enter into contract agreements within the nation.

“We ratify and confirm that in Argentina contracts can be agreed in Bitcoin.”

During the last few months, Bitcoin experienced a significant surge in price. It witnessed an increase of approximately 65.57% over the past three months, with a 20.41% jump in the last 30 days.

At the time of publication, Bitcoin’s price is $43,847.

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Author: Ciaran Lyons

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