Argentina to vote on IMF deal that includes a provision to deter cryptoasset use.
The Argentine Senate is preparing to vote on the letter of intent with the International Monetary Fund (IMF), which includes a provision deterring the use of cryptoassets. The provision forms part of the Technical Memorandum of Understanding (TMU) signed by Argentina and the IMF on 3 March.
The provision titled “Strengthening financial resilience”, which includes crypto assets, of the agreement, which will restructure the $ 45 billion loan the country received in 2018, is as follows:
The country with an inflation of 52% is one of the leading crypto centers.