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The Argentine capital government plans to deploy Ethereum verification nodes in 2023



Time:8/12/2022 12:20:27 PM

[Argentine capital government plans to deploy Ethereum verification nodes in 2023] According to news on August 12, the Minister of Innovation and Digital Transformation of Buenos Aires, the capital of Argentina, Diego Fernández said at the ETHLatam conference in South American countries that the city plans to deploy Ethereum verification nodes in 2023. Deploy Ethereum verification nodes every year. This means that Buenos Aires will be one of the first cities in the world where governments will deploy ethereum nodes, or computers running ethereum client software.

Fernández also said on Thursday that TangoID, the blockchain-based digital identity platform the city is developing, will initially be anchored on Starknet and will go live in January 2023. In April, Argentina announced plans to develop TangoID. (CoinDesk)

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Argentine Petroleum Subsidiary YPF Luz Uses Residual Gas to Power Bitcoin Mining Activities: Jinse Finance reported that YPF Luz, a subsidiary of Argentine state oil company YPF, is currently piloting a project to use residual gas to power Bitcoin mining operations. The scheme, currently being tested at Vaca Muerta, one of the country's largest oilfields, aims to exploit this by-product from the early stages of well drilling. [2022/10/5 18:39:44]

Argentina suspends the use of the blockchain system to register new companies online: Jinse Finance reported that the Argentine government has announced that it will suspend the use of the national blockchain-based mechanism to register new companies for a period of 180 days. Statement by Ricardo Nissen, head of the Inspector General of Justice (IGJ), the measure aimed at rescheduling the registration of new companies so that the Inspector General of Justice (IGJ) can be involved in the process. The suspension of use of the blockchain system will begin in the second week of March. It is reported that about 20,000 companies in the country have been incorporated under the digital system since its implementation in 2017. [2020/3/3]

Analysis | Central Bank of Argentina Restricts Purchases of U.S. Dollars, May Stimulate Local Bitcoin Demand: Argentina’s central bank has imposed restrictions on U.S. dollar purchases to revive its falling fiat currency, the Argentine peso, Bloomberg reported on Sept. 1. Individuals in Argentina will be limited to $10,000 a month in dollar purchases, with any amount over that limit requiring special permission, according to a statement from the central bank on Sunday. In addition, exporters must settle their foreign exchange earnings in the local market within 5 days. No company is allowed to accumulate dollars. The central bank said the measures were aimed at "keeping the exchange rate stable and protecting savers". Argentina has shown strong interest in bitcoin in recent years, with transaction volumes accelerating as uncertainty surrounding economic growth intensified. Cryptocurrency exchanges in the country saw a premium last month. There has been speculation that demand for Bitcoin, an uncontrollable cross-border asset, should increase even further. Argentines traded more Argentine pesos on peer-to-peer cryptocurrency platforms last week, a trove of data shows, a trend that could continue if the country follows a similar pattern to Venezuela. [2019/9/2]

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