https://www.coindesk.com/policy/2022/05/05/argentinas-central-bank-bans-lend... https://www.imf.org/en/News/Articles/2023/06/22/cf-interest-in-cb-digital-cu... https://finance.yahoo.com/news/argentina-imf-bailout-deal-includes-190748787... https://www.youtube.com/watch?v=6yL2E0gt03Y " The IMF is back to manipulating the public. They claim Argentina has prohibited crypto use over concerns on financial stability, financial crimes, and corruption. The reality is the IMF forced Argentina to block crypto use in return for a IMF loan that Argentina badly needed through a deal clause I must say I'm rather pissed about this. I've been following Argentina as well as the economy and financial situation of Argentina and Latin America for while now. The IMF has always had significant power over these developing nations who have had quite a number of currency issues, namely inflation. And the manipulation by the IMF here is disgusting in their recent statement. ​They released a statement that reads "countries like Argentina and the Dominican Republic have prohibited the use of crypto assets due to concerns about their impact on financial stability, currency and asset substitution, tax evasion, corruption, and money laundering." There is a clear statement here that Argentina has organically and for themselves decided to discourage crypto usage, but this is not the case. In actuality, Argentina was forced to discourage crypto usage if they wanted to receive the loan. Letter of Intent for Loan Argentina has been grappling with inflation (currently over 100%) and financial and economic instability for many years now and have a very unhealthy relationship with the IMF. The actually hold a bunch of record with the IMF for the amount of times and money they have borrowed from the IMF. This latest IMF deal is the 23rd of the nations history. Instead of giving the people a real chance with something new and usable in crypto, they go right back to the IMF which has failed them time and time again. And of course, in the same article they bash crypto and go on to praise CBDCs. " " Argentina isn't blocking crypto at all. I should know, as I live there. All our government did was ban fintech from offering crypto, you still have regulated CeFi (unlike the US), although no Argentinian in their right mind is ever gonna use a regulated exchange or any financial service that leaves a trace, we use P2P for everything pretty much, as we also have strong "barrani" (off-the-books) trading communities. I know this might sound weird to Americans, but when you have 70 years of history to prove that your government is 100% corrupt, will screw with your savings to the point of freezing bank deposits and swapping fixed term accounts for trash bonds you'll be forced to hold to a 30 year maturity just to get your money back, will impose unsustainable monetary policy to the point of causing two ( now possibly three) hyperinflationary processes, and will impose criminally high taxes (to the sound of 110%), people simply stop reporting, using banks as safe havens and start dumping our legal tender into USD denominated assets, now we added cryptography to our toolset. We're the perfect context for crypto adoption as satoshi invisioned, the average joe can now escape their government easily with it. "