Argentines can tentatively be just 200 Us dollars a month to buy it through a bank. The central bank of the country, had a limit of $10,000. With this measure, the bank took on election day. It reports Cointelegraph Support.
People are looking for a way out. The Argentinian peso’s come down a lot in price, and an annual inflation rate of over 50%. By way of comparison: according to the consumer price index, that is, in the Netherlands, from under 3 per cent.
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The temporary rules?
You want to resort to a different currency in this way it is likely to call it out. The central bank of Argentina came out with a statement: ”Due to the current uncertainty, we are going to have a series of measures to take in order in this way, the reserves of the central bank to protect you.”
The bank doesn’t want large sums of money are to be used, for example, of dollars to buy it. The measures are as follows:
A monthly basis to a maximum of $200 buy-in for people with a bank account
With cash, you are allowed a $100 buy in
It is now in Argentina, is a criminal offence to be in a different currency to buy the local currency. According to the central bank, it is at this moment in time is meant to be a temporary measure.
Bitcoin
When you hear about this kind of action and be familiar with bitcoin, then there should be a bell going to ring. This is again a situation in which it appears and why it is good and important, it is to be in charge of your own money.
This is not unique, it happens quite frequently. In general, the situation is even one step more: Lebanese people can not to have a bank account. Due to the political situation in the country, the banks would have closed the doors.
During the last crisis in the euro-area country to Greece also seemed to have the money in your bank, not always you,/it appears.
LocalBitcoins
LocalBitcoins also welcomed a number of people in Argentina who have a different way of searching. With the help of the peer-to-peer file trading was there for around 14.15 million pesos ($240.000) – traded last week.
This is not a record of a huge amount, but it continues the trend of a higher volume to be on. In this graph, it is clear to see that more and more bitcoin trading via LocalBitcoins.
The Volume LocalBitcoins in Argentina peso.According To The Coin Dance
The solution
Bitcoin has both a oppotmiddel, and if, the currency is still a long way to go. But that doesn’t mean it’s not useful. For those who don’t have faith in their local currency, and likes to be the boss of their own money and transactions.
Because, as you get used to it, look at it: it’s quite a bit to learn that your money is not allowed to give you what you are to do. Do not even have to be in a different currency to purchase it. It can’t be done on the network of bitcoin.
People are not going to flock to BTC, but the network and its potential to deliver the of this type of action is prevented. Or, at least, providing a way for them to get around.
Source: Cointelegraph
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