ChainCatcher news, according to Bitcoin Magazine, the Central Bank of Argentina held a live Bitcoin mining exhibition.

ChainCatcher news, according to Portal Do Bitcoin, Argentina's Financial Information Unit (UIF) and the Securities Commission (CNV) have conducted on-site supervision of a Bitcoin and cryptocurrency exchange for the first time to identify risks related to money laundering, terrorist financing, and the financing of weapons of mass destruction.This inspection is part of the UIF's 2024 annual regulatory plan and took place at an undisclosed exchange in the city of Rosario, Santa Fe Province. According to Resolution No. 49/2024, virtual asset service providers are required to report to the UIF and register with the CNV. This move comes as Argentina increases its vigilance against cryptocurrency-related scams, with recent reports of unregistered platforms involved in fraudulent activities.

ChainCatcher news, the capital of Argentina, Buenos Aires, has announced the implementation of blockchain and zero-knowledge encryption technology for the issuance of digital identities. According to local media reports, the government disclosed on October 21 that it has integrated the decentralized identity solution QuarkID into its miBA digital platform, which is the platform used by the city to access government services and documents.Since October 1, over 3.6 million active miBA users have received decentralized digital identities (DID) protected by QuarkID, which is a digital identity protocol built by the Web3 company Extrimian. The QuarkID wallet is powered by ZKsync Era.The statement from the Buenos Aires government indicates that by allowing 3.6 million residents to have better control over their personal data, the city is setting new standards for privacy and security in digital identity management.

ChainCatcher news, to better protect cryptocurrency users, Argentina is innovating its cryptocurrency framework. The Argentine securities regulator (CNV) recently announced a public consultation on a draft to regulate the operations of virtual asset service providers (VASP) in the country, imposing new compliance requirements on these entities. If Resolution 1025 is approved, it will force cryptocurrency companies to disclose agreements with third parties and clients. Additionally, it aims to prevent money laundering and terrorist financing by establishing policies and cybersecurity standards. This framework is a follow-up to the VASP registration launched earlier this year. (Bitcoin.com)

ChainCatcher news, during the recent Argentina Technology Forum, KIP co-founder Julian Peh had in-depth discussions with Argentine President Milei. They explored the challenges and opportunities brought by AI, as well as issues related to AI sovereignty. Julian emphasized that KIP is focused on promoting the integration of DeAI and education as a key step towards achieving a positive social transformation quickly.President Milei expressed high appreciation for KIP's strategy and supported KIP in undertaking more work, encouraging the widespread application of its technological solutions in Argentina. This meeting demonstrated Milei and the Argentine government's firm support for KIP's future development and laid a solid foundation for KIP's expansion in the Latin American market. Julian also revealed that KIP is preparing a major initiative targeting Argentina and Latin America, indicating that KIP will have greater development space and potential in the region in the future.

ChainCatcher news, according to Bitcoin.com News, Argentine judicial authorities have recently recognized the legal validity of blockchain-based smart contracts for the first time, marking a significant breakthrough in the country's application of blockchain technology. This decision grants smart contracts legal enforceability in Argentina, paving the way for their use in commercial areas such as lease agreements and purchase payments.It is reported that the first legally recognized smart contract is a loan agreement built on the Cardano blockchain. The contract was reached by two Argentine Cardano ambassadors, Mauro Andreoli and Lucas Macchia, involving a four-month loan of 10,000 ADA (approximately $3,430) at an annual interest rate of 10%.Andreoli stated, "We have just signed the first contract on the Cardano network that is fully compliant with the laws of the Argentine Republic and has legal and judicial binding force." He emphasized that this means any breach of contract can be enforced in court to fulfill obligations in ADA. To ensure the legal validity of the smart contract, both parties also signed a supplementary legal document detailing the contract's content, the blockchain used, and the transaction ID of the relevant wallet addresses. This practice may become the standard procedure for the legalization of smart contracts in the future.

ChainCatcher news, the smart contract wallet Argent has launched a Telegram Accelerator Program aimed at connecting Telegram users to Ethereum and Starknet. The application channel is currently open and will close on November 1st.The program aims to launch the next generation of mini-programs and will run for seven weeks, with all applications utilizing the Argent Telegram Wallet SDK and Starknet's L2 scaling solution. The official will fund up to 20 high-quality teams, with each team receiving $25,000 in initial funding, and subsequent funding of up to $1 million.

ChainCatcher news, according to CryptoNews, up to 20,000 people in San Pedro, Argentina have been caught up in a fraudulent crypto project related to USDT, which was promoted by some unknown actors.Lawyers state that the platform's operators promised to double investors' funds within six weeks and offered some investors daily returns of 1% to 2% in USD. Currently, at least 50 victims are preparing to file a lawsuit against a company named Knight Consortium. This company operates a crypto platform called "RainbowEx," but it is not registered or legally supported.Among the victims are some retirees, and some investors have been unable to withdraw their funds for three weeks, causing widespread panic.

ChainCatcher news, KIP Protocol has become a sponsor of the 2024 Argentina Technology Forum. Co-founder and CEO Julian Peh will meet with Argentine President Milei and serve as a keynote speaker; co-founder and Chief AI Strategist Dr. Jennifer will also participate in a high-profile panel discussion with other industry leaders on the topic "AI and applications of AI-for education, institutions, and governments."Taking this opportunity, KIP is expanding its influence into the vast Argentine and South American markets. The Argentine government's friendly policies towards cryptocurrency provide an ideal environment for KIP to accelerate its layout: KIP plans to leverage its strong funding and leading technology to promote the practical application of decentralized AI, providing efficient and secure AI + Web3 solutions for millions of users in Argentina. KIP's market strategy perfectly aligns with the rapid development of Argentina's digital economy, and its future development prospects are highly anticipated.The Argentina Technology Forum is the most important and cutting-edge technology forum in Argentina, attracting participation from top global companies and cryptocurrency platforms, with sponsors including industry giants such as Binance, OKX, Bybit, and Render Network. Argentina, as one of the world's most important cryptocurrency markets, has over 10 million cryptocurrency asset accounts, with a market size comparable to traditional capital markets, showing tremendous potential. Since taking office at the end of 2023, current Argentine President Javier Milei has maintained a positive attitude towards cryptocurrency. KIP's appearance at this forum showcases its forward-looking layout in the global cryptocurrency and decentralized AI fields.

ChainCatcher news, Salvadoran President Nayib Bukele met with Argentine Vice President Victoria Villarruel during his official visit to Argentina to discuss cryptocurrency and El Salvador's experience with Bitcoin.Argentine senators and government officials are very interested in Bitcoin. During his official visit to Argentina, Salvadoran President Nayib Bukele held meetings with a group of national senators and the Argentine Vice President to discuss the topic of cryptocurrency.Although the discussions were private, a video prior to the meeting showed Argentine Vice President Victoria Villarruel asking about El Salvador's experience in the Bitcoin field, as El Salvador has adopted Bitcoin as legal tender for several years.Villarruel stated, "I personally want to take a few minutes to talk to you about Bitcoin, which is something I am very interested in."Additionally, Villarruel expressed interest in the so-called volcano bonds, which have been on hold for several years. Bukele proposed these bonds as part of the financing plan for Bitcoin City, a Bitcoin-centric metropolis announced for construction in 2021, but has yet to be built.

ChainCatcher news, according to Cointelegraph, Binance has announced that it has completed the registration as a Virtual Asset Service Provider (VASP) in Argentina, and its mobile app and website are now fully open to users in Argentina. Binance stated that this is its 20th registration with global regulators, having previously completed registrations in Kazakhstan, India, and Indonesia.Guilherme Nazar, Head of Binance Latin America, stated that Argentina is an important market for Binance, and the company supports forward-looking regulation while continuing to collaborate with local governments to promote the sustainable development of the crypto industry.

ChainCatcher news, Argentine tax officials and naval security personnel conducted a joint operation to dismantle a large smuggling ring of Bitcoin mining equipment. In this "major operation," the Argentine Naval Prefecture (PNA) and the Federal Administration of Public Revenue (AFIP) carried out multiple raids, seizing hundreds of high-end mobile phones, graphics cards, and mining components.Officials revealed that the gang used "crypto investments" for money laundering and smuggled in cities such as Mar del Plata and Bahía Blanca. The operation seized over 30 million pesos (approximately 31,000 USD) and 19,000 USD in cash, with four suspects arrested and facing charges related to smuggling and money laundering.

ChainCatcher news, Cardano founder Charles Hoskinson will meet with Argentine President Javier Milei to discuss the cryptocurrency economy. Charles Hoskinson will travel to the Argentine Technology Forum to engage in dialogue with the president on October 19, discussing the future of blockchain.Charles Hoskinson hopes to discuss the potential of blockchain to change the global economy, political, and social systems. He will also raise questions such as Argentina's values and needs in the technological context, whether the country has chosen the path of Central Bank Digital Currency (CBDC), and what kind of partners it has to rebuild its economy.

ChainCatcher news, the Spanish cryptocurrency exchange platform Bit2Me has announced that it has received approval from the Argentine National Securities Commission (CNV) to become a Virtual Asset Service Provider (VASP).In March of this year, the CNV opened registration for Virtual Asset Service Providers, which is a prerequisite for companies in the industry wishing to operate in the country. According to the official list provided by the CNV, a total of 79 companies have been approved so far.Previous news, on June 15, 2023, Bit2Me completed a $15 million financing round, led by Investcorp, with participation from Telefónica's investment arm Telefónica Ventures, Stratminds VC, Cardano, and YGG Fund.

ChainCatcher news, according to Cointelegraph, the Argentine Ministry of Education has partnered with ETH Kipu to incorporate Ethereum blockchain technology into high school curricula in Buenos Aires.Meanwhile, high schools in Buenos Aires will also offer blockchain internship opportunities to provide students with practical experience. The first course of the program will start on August 27.In addition, ETH Kipu stated that it will implement an online Solidity course. This course aims to train 500 students over the age of 18 to develop decentralized applications (DApps) using this programming language. The foundation plans to prepare 30 instructors to provide students with training in Ethereum and blockchain.

ChainCatcher news, according to DL News, TRM Labs has disclosed that it assisted Argentine law enforcement in the arrest of a Russian citizen.It is reported that this individual is involved in a multi-million dollar money laundering operation. The 29-year-old suspect accepted cryptocurrency benefits from illegal actors, including the hacker group Lazarus Group. Additionally, the suspect used a Telegram bot to exchange rubles, USDT, euros, and dollars for Argentine pesos. During the arrest, police seized over $120,000 worth of cryptocurrency and an additional $15 million from properties controlled by the suspect.

ChainCatcher news, Argentina's Economy Minister Caputo recently announced that "the Argentine government will cease issuing currency, and in the future, the total amount of currency in Argentina will either remain unchanged or decrease due to the purchase of foreign exchange."

ChainCatcher news, according to Bitcoin.com, Argentina has recently released relevant regulations that will apply to previously approved legislative proposals affecting the inclusion of cryptocurrencies and other undeclared assets into the country's tax system. Only taxpayers holding assets in registered VASPs can enjoy these benefits. These taxpayers can be exempt from taxes on up to $100,000 of cryptocurrency.

ChainCatcher news, a Forbes report highlights that Argentinians are increasingly turning to cryptocurrency to hedge against the inflation of the local currency. The country's cryptocurrency adoption rate exceeds that of any country in the Western Hemisphere.Analysis from SimilarWeb shows that out of 130 million users across the top 55 cryptocurrency exchanges, 2.5 million are from Argentina. Popular exchanges in the country include Binance, eToro, BingX, HTX, and Bitget.