Argentina Welcomes Its First Bitcoin Capital-Backed Company
Argentina has registered its first company funded by cryptocurrency, marking a significant milestone.
The company was established with nearly $500 in bitcoin (0.00457621 BTC) and USDC. Following a new resolution that permits contributions and capital in digital assets. The registration process involved transferring the cryptocurrency to custodial wallets on national exchanges. Such as Lemon and Ripio, to ensure the capital was legally accessible.
This development aligns with Argentina’s efforts to modernize its legal framework to embrace new technologies and digital currencies, as part of President Javier Milei’s plan to integrate various currencies into the national economy.
Clever Robot News Desk 30th July 2024
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