Baby steps! Looking forward to more updates like this. A long way to go as Milea is meeting with the IMF often and we know their stance.
Uh oh
Scammers are ruining the Central African Republic
"We ratify and confirm that in Argentina contracts can be settled in Bitcoin. And also any other crypto
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Even though I'm anti shitcoin I think this is good.
Removing legal tender laws > imposing legal tender laws
If people have to get burned with scams, so be it. It's a step in their journey to bitcoin
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Doesn't repealing the laws this way mean if someone owes you money, you must accept shitcoin in repayment of that debt?
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Not sure how it works, but I don't think so. Perhaps there's a default currency unless specified by a contract? Otherwise they could pay back in uranium or metal scraps or cow shit
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They're removing all restrictions on settling contracts. You can settle in chickens if you want.
No way they'd be able to justify prohibiting settling contracts in ETH if you can settle in chickens. It's a libertarian government.
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In a free market, what do you think wins?
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Who do the restrictions apply to? Creditors or debtors? The way this is expressed makes it appear that creditors must accept any currency in repayment of debt, which would mean having to accept eth if someone owed you money.
Central African?
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Yup, be careful out there!
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