Central banks in Argentina are attempting to enforce capital controls by banning bitcoin purchases to stop the capital flight of its citizens.
Anyone here from Argentina?
Discussion
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Only few "no registered" digital wallets have problems, the big ones like lemon or Belo don't. Also that site/app grabr can't work anymore in Argentina.
The country doesn't have dollars so now the gov is swapping dollars with china, taking yuan's, give us crap tons of breaks so we can't buy the official dollar meaning we have to go to the black market, crap tons of taxes when we want to buy something in other country (100% or more depending on what dollar we use, yes we have 12+ types of dollar's prices).
Meanwhile the central bank sends dollars to the banks so they won't collapse cause everybody is taking out their dollars from the banks.
China couldn't ban the BTC so this gov won't but yeah, it's stress after stress and my stomach hurts 24/7
How would they ban things like Robosats? 🤔
It’s not the savy folks that need help. It’s the other 99%.
Oh you mean they’re banning exchanges?
In robosats - you still need a centralized service for the fiat-transaction. In europe it's basically revolut, and their terms of service are really bad.
Agreed. But what about Bisq + cash by mail or meet personally? These options seem robust to me.
But as Paul said, for 99% of normal people this might be too much effort.
I believe their Supreme Court green-lighted up to 4,000 BTC atms a couple years ago.
There're only a dozen Bitcoin ATMs working right now.
That was 5 years ago but nothing really happened. There's only one ATM company operating in Argentina (Athena) with just 12 machines.
Yeah, I don't know how this is going to play out... But the ruling would imply that the Supreme Court has approved of the sale of Bitcoin for atleast the last 5 years...
Hey @Dany can you purchase BTC through Mercado Libre?
No. And with the new central bank resolution it won't be possible.
Damn. Well good luck @Dany , my prayers go out to you brave Argentines
Don't worry, there's a lot of ways to buy BTC here in a P2P fashion.
The real problem here is that most people don't even know that Bitcoin exist, and they keep on buying US dollars as if they were a reserve asset, without noticing that they are also loosing purchasing power year after year. Even worse is looking at government officials struggling to accumulate more dollars as reserve for the whole country. They are clueless!
YES #[2]