The Argentinian Central Bank has issued a new set of restrictions that are affecting citizens and companies that have purchased cryptocurrency to use it as a hedge against currency devaluation. The bank will only sell dollars at an official rate to individuals and companies that have not purchased crypto for at least 90 days prior to the operation, with the objective of curbing the rise in the exchange rate.
Argentinian Crypto Users Excluded From Buying Dollars in Official Markets
The Argentinian government is trying to stop the escalade that the exchange rate of the blue dollar, the price of the U.S. dollar in informal markets in the country, has had since some weeks ago. The Argentinian Central Bank has issued a resolution that excludes companies and individuals that have purchased cryptocurrencies from accessing dollars at the official rate.
The communication, identified with the number 7552, declares that access to the official dollar markets will be open to individuals and...
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