Argentina To Accept Contracts In Bitcoin, Says New Minister

The announcement marks a crucial step towards legitimising Bitcoin as a recognised means of conducting formal agreements.

Argentina's new government has endorsed the use of Bitcoin for contractual agreement. The announcement was made by the country's foreign minister Minister of Foreign Affairs, Diana Mondino, on X (formerly known as Twitter). In her post, Ms Mondino also outlined the government's willingness to accept and formalise contracts denominated in the cryptocurrency. This comes a day after Javier Milei, Argentina's President, unveiled a series of measures to deregulate the country's struggling economy. These include eliminating or changing more than 300 rules via presidential decree, including on rent and labour practices. Ratificamos y confirmamos que en Argentina se podrán pactar contratos en Bitcoin.

In her post on Thursday, Ms Mondino said, "We ratify and confirm that in Argentina contracts can be agreed in Bitcoin. And also any other crypto and/or species such as kilos of steer or litres of milk."