#argentina

Buenos Aires, the capital of Argentina, became the first city in the world to issue decentralized IDs to all of its 3.6 million citizens.

In the face of escalating inflation (211%), Argentinians continue to actively purchase dollar-pegged stablecoins, steering clear of Bitcoin due to its high volatility. For cash purchases of these stable tokens, locals are turning to domestic P2P exchanges due to the country's stringent currency regulations.

Bitcoin advocate Javier Milei has secured victory in Argentina's presidential elections. Milei, a vocal critic of Argentina's central bank, blames its economic handling for the 140% annual inflation rate of the Argentine peso over the past year.

In the Argentine primary elections, Javier Milei, a candidate who supports Bitcoin and vehemently opposes the Central Bank, has garnered most of the votes. He's not shy about criticizing the Central Bank, dubbing it a conduit for politicians to exploit Argentinians via inflation. Milei is convinced that the salvation lies in Bitcoin, which can instill privacy back into finances. Simultaneously, Bitcoin has hit a fresh historical maximum value when measured in Argentine peso.

Tether, the issuer of the world’s largest stablecoin, USDT, is celebrating a decade of operations. In honor of this milestone, the company has announced a documentary titled "Stability and Freedom in Chaos," which focuses on USDT's role in combating national currency inflation, using case studies from countries like Turkey, Brazil, and Argentina.

In the Argentine Congress, a novel legislative proposal has been tabled, encompassing a suite of reforms in taxation, labor, energy, and more, with some measures specifically addressing cryptocurrency regulation.

The body of Spanish crypto influencer Fernando Perez Algaba was tragically discovered in Argentina. He had been declared missing since last Tuesday. On July 23, children in Ingeniero Budge found a suitcase containing his amputated limbs. The police subsequently found his torso on the next day, and his head was located in a backpack on July 25. The motive for murder was related to his debts. A note left by Algaba’s explained that he had lost a significant amount of money invested in cryptocurrencies.