argentine – DIGIT INFO

Spanish Airline Vueling to Accept Cryptocurrency as Means of Payment

DIGIT — Tue, 17 Jan 2023 12:30:03 +0000

Vueling, a low-cost Spanish airline, has announced it is exploring the functionality of blockchain and NFT (non-fungible token) technology to accept cryptocurrency as a means of payment for its services. The company enlisted the aid of Criptan, a registered Spanish cryptocurrency exchange, and aims to open this payment option for users by Q3 2023. Vueling […]

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Proposed bill in Argentina to encourage citizens to reveal crypto holdings

DIGIT — Wed, 11 Jan 2023 05:43:00 +0000

Argentines could soon be motivated with tax incentives to declare their crypto holdings as the government aims to tackle money laundering with a proposed bill.

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Argentine Digital Peso Proposal: Eliminate Tax Evasion by Digitizing the Full Fiat Currency Supply

DIGIT — Mon, 07 Nov 2022 08:30:21 +0000

A proposal to eliminate the physical representation of the Argentine Peso, in order to streamline specific state processes and reduce tax evasion, has been presented by former banker Carlos Maria De Los Santos. The plan, identified as “Argentine Digital Peso,” also predicts that its implementation would lead to lower taxes and bring a surplus to […]

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Argentine Tax Authority AFIP Notified 4,000 Crypto Holders to Ammend Their Tax Statements

DIGIT — Mon, 31 Oct 2022 06:30:49 +0000

The Argentine Tax Authority (AFIP) is ramping up its fight against cryptocurrency-related tax evasion. On Oct. 28, the organization informed it had sent notifications to 3,997 taxpayers about incongruencies between their tax statements and reports on their cryptocurrency holdings. These statements being reviewed correspond to reports of operations happening in 2020. Argentine Tax Authority AFIP […]

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Argentine Airline Flybondi to Adopt NFT Technology for Ticket Issuance

DIGIT — Thu, 22 Sep 2022 10:16:05 +0000

Flybondi, a low-cost Argentine airline, is introducing blockchain tech in its operations. The company announced recently it will start issuing tickets as non-fungible tokens (NFTs), broadening the possibilities of what customers can do with them. Users will be able to sell or transfer the tokens to other travelers up to three days before the applicable […]

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Bitfarms Starts Bitcoin Megafarm Operations in Argentina

DIGIT — Sun, 18 Sep 2022 19:30:49 +0000

Bitfarms, a global Bitcoin mining company, has started operations in its mining megafarm located in Argentina. The farm, launched on September 16, is currently generating 10 megawatts (MW) of mining power during the first phase and will scale operations to be fully operational next year. Bitfarms estimates it will contribute 50 MW to fulfill the […]

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Argentine Startup Action Point Develops White Label Solution to Include Crypto in Traditional ATMs

DIGIT — Mon, 05 Sep 2022 09:30:26 +0000

Action Point, an Argentine startup, has developed a white-label solution that allows banks to offer cryptocurrency services through their already existent ATM infrastructures. The company provides this service in partnership with Lirium AG, a crypto-as-a-service organization, and has already implemented the solution in over a dozen ATMs in the country. Argentine Startup Action Point Takes […]

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Argentina-Based Mobile Wallet App Belo Adds Lightning Network Support via Opennode

DIGIT — Tue, 11 Jan 2022 08:30:59 +0000

On Monday, January 10, the Argentina-based mobile wallet company Belo announced that the platform has added support for the Lightning Network by partnering with the bitcoin payment processor and infrastructure provider Opennode. The mobile application allows users to trade and transact in pesos and now users can transact with bitcoin payments going forward. Belo Partners […]

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2 Cents per Kilowatt Hour: Bitfarms to Launch a 210 MW Bitcoin Mining Operation in Argentina

DIGIT — Wed, 21 Apr 2021 00:30:06 +0000

The Canadian publicly traded bitcoin mining company Bitfarms has announced a deal that will see the company developing a 210 megawatt (MW) mining farm in Argentina. Bitfarms says that the company was able to secure a low electricity rate at $0.02 per kWh during the contractual period. Argentine-Based Bitcoin Mining Facility Aims to Acquire 210 […]

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Capital Controls in Argentina Demonstrate Dangers of Government-Controlled Money

DIGIT — Thu, 05 Sep 2019 21:00:27 +0000

The current financial system, with governments and central banks controlling the flow of money, creates impediments for people’s economic freedom. Among them is the danger that the ruling class will try to hide its mismanagement of the country’s affairs by preventing people from voting with their wallets and trying to secure their savings on safer […]

The post Capital Controls in Argentina Demonstrate Dangers of Government-Controlled Money appeared first on Bitcoin News.

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