The Argentine anti-corruption authority (Oficina Anticorrupción; OA) has concluded that President Javier Milei acted for personal gain in promoting the Libra cryptocurrency (LIBRA), but did not violate the country's public ethics laws.
The Argentine Football Association and BC.GAME, the crypto casino platform that won the award for the best crypto casino of 2022, have reached a global sponsorship agreement.
El Salvador has left the whole world wondering whether it should follow suit after adopting bitcoin as legal tender this month, despite critics saying it comes with huge social, economic and political burdens. Africa, particularly Tanzania, could become a carbon copy of El Salvador.
The International Monetary Fund (IMF) and the World Bank have been somewhat reticent about countries giving cryptocurrencies legal tender status or promoting their widespread use within their borders, but no one seems to be listening.
Tax evasion using cryptocurrencies has increased the world over. Crypto asset spruikers tend to give false info about the income and capital gains tax liabilities so that they can cash in on buyer mania. Several countries are now looking for ways of reducing this vice that has cost the economy a lot.