Argentina's Deregulation Decree Is Publicly Interpreted as Allowing Bitcoin-Denominated Contracts
Argentina's Decree 70/2023 broadened contractual freedom by allowing obligations to be expressed in currencies or units that were not legal tender. On December 21 Foreign Minister Diana Mondino publicly stated that the framework allowed contracts to be agreed in Bitcoin, providing the explicit Bitcoin connection that the decree text itself did not name.
Argentina's Decree 70/2023 broadened contractual freedom by allowing obligations to be expressed in currencies or units that were not legal tender. On December 21 Foreign Minister Diana Mondino publicly stated that the framework allowed contracts to be agreed in Bitcoin, providing the explicit Bitcoin connection that the decree text itself did not name.
The Bitcoin connection ran through legal ability to denominate contracts in Bitcoin. Later official commentary connected the decree to Bitcoin contracts, but decree text itself does not name Bitcoin.
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