Argentine Central Bank has banned citizens from buying bitcoins with credit cards
The central bank of the Argentine Republic has banned citizens of the country from using credit cards to buy bitcoin and other cryptocurrencies, writes Cointelegraph.
On October 31, the Central Bank of Argentina sent out a message that indicated several industries in which purchases using credit cards are prohibited or restricted..
“Acquisition of Bitcoin and Cryptocurrencies: It is forbidden to buy BTC through this payment method. The only remaining alternative for this investment is to transfer funds from a bank account, “the document says..
Whether it is forbidden to buy bitcoins using debit or prepaid cards, the regulator did not specify. He, however, stressed that the measures taken are critical to preserve the country’s foreign exchange reserves..
Earlier this week, the Central Bank of Argentina announced a 50-fold decrease in the limit on the purchase of dollars per month for citizens – from $ 10,000 to $ 200. According to experts, the decision was due to the uncertainty prevailing in the market and is temporary – it is planned to lift the restriction in December.
Along with these events, the peer-to-peer platform Localbitcoins recorded the third-largest trading volume in Argentine pesos of all time, which was also facilitated by the depreciation of the fiat currency itself..
Crypto companies were offered to ban the borrowing of certain domain names Cryptocurrency companies could be banned from using domain names…
Cryptocurrency Exchange Huobi Launches Argentina Trading Platform Huobi Group on Tuesday announced the launch of its new cryptocurrency exchange in…
“Buy Bitcoin with a Credit Card” – Popularity of Google Search Worries Experts Experts believe they have found an answer to…
LocalBitcoins has eliminated the possibility of exchanging cryptocurrencies in person The popular peer-to-peer platform for exchanging cryptocurrencies LocalBitcoins has gone…
Binance and TravelbyBit to Launch Cryptocurrency-Enabled Payment Card for Travelers Binance Cryptocurrency Exchange this Thursday announced…