The Government of Argentina pulls down Cryptocurrency Guide

The Government of Argentina uprooted its crypto guide named, "What are cryptocurrencies?." The Guide stated how to buy and trade crypto like BTC, ETH, etc.

By · Aug 14, 2020 . 5min read

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The Argentina’s government recently announced that they had prepared a beginner’s guide on buying and trading cryptocurrencies like BTC, ETH, etc. The guide was uploaded on the Con Vos en la Web (With You on the Web) section of the government’s Ministry of Justice and Human Rights website. The guide was labelled as “What are cryptocurrencies?”. It was supposed to describe differences between crypto assets and e-pay platforms

However, it seems that Buenos Aries has now change of plans as they have pulled the cryptocurrency guide from the website. The URL for the guide – “What are Cryptocurrencies?” is still alive. But, the link no longer takes you to a page that once recommended that crypto was a way to “save money” and put forward “localbitcoins.com” as a platform for securing BTC and altcoin purchases.

Alternatively, the page is having a 500 error – HTTP code. It occurs when a server discovers that something is wrong but cannot designate the exact nature of the problem. This message pops up on the website, “This page or site is not available. Please check the address or try again later.”

Cryptocurrency ATMs in Argentina

Earlier, Athena Bitcoin, a U.S. company specializing in cryptocurrency ATMs, launched Argentina’s first bitcoin ATM in a Buenos Aires shopping mall. Another company, U.S.-based Odyssey Group, stated it intends to install 150 ATMs by the end of the year in Argentina. It said that 80% of those would be bitcoin-operational within the first months of 2019.

Unlike Athena Bitcoin machines, which only enabled consumers to purchase and sell digital currencies, Odyssey Group ATMs can perform conventional bank transactions. Transactions also include depositing, removing cash and transacting money between accounts.

Nevertheless, the government of Argentina has not proven to be anti-crypto. It has still not taken any measures to shut down P2P (peer-to-peer) trading. Rather than regulating its grip around crypto exchanges, it imposed a 15% tax rate on crypto trade. The cryptocurrency guide came as a silver lining in the grey sky for crypto traders in Argentina. With the Cryptocurrency guide pulled off-site, the traders now suppose what’s the next step government will take.

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