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Argentina’s Minister of Foreign Affairs, Diana Mondina, has confirmed that contracts in the country can now be settled in Bitcoin. Indeed, the development occurred after newly elected president Javier Milei took office in November of this year. The regime change has brought a host of changes to the struggling economy.

Milei has been outspoken in his radical ideas regarding the country’s economic circumstances. Over his first few weeks in office, the pro-Bitcoin candidate has already sought to dollarize the Latin American peso. Now, he has officially allowed Bitcoin to factor into contractual agreements.

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