If you weren't too keen on Geography in high school then learning that Argentina is an eight largest country in the world will come as a surprise, nevertheless, this South American nation got the size. Argentina itself comes from the Latin word Argentum, which translated stands for silver, the name was given by the first European settlers who believed in high faith that this land was full of it. Bitcoin has reached even more remote destinations than Argentina but since we are on the topic then let's take a closer look at some of the Argentian bitcoin regulations, exchanges and online gambling legislation.
Bitcoin Regulations in Argentina
Argentinian government is taking a rather hard stance on legalizing bitcoin, as a matter of fact, they have currently stated that there is no such plan. People change their mind sometimes though. Right now, the biggest issue comes from regions criminal activity and allowing freedom of transacting with digital currencies without a proper supervision would result in an easy money outflow that funds illegal acts. Exchanges and traders who are currently operating in the country must file a monthly report that shows all of the transactions. One of the biggest selling factors of the digital currencies and bitcoin, in general, is anonymity but this usually turns out to be one of the biggest stumps on the road towards legislation. We can only hope that future will be more kind to the crypto.
Argentinian Bitcoin Exchanges
There are multiple ways of buying bitcoin in Argentina and one of the easiest is doing it through an established exchange. CEX.io is one of the biggest BTC exchanges operating in this region but also requires for you to submit documents for identity verification. Another exchange that also supports credit card payments is CoinMama. Many bitcoin users are amazed by how simple it is to buy digital currencies via BTC ATM's and you can locate the nearest one to you by visiting CoinATMRadar. Couldn't find any BTC ATM's close to you or don't want to submit any personal verification documents but need bitcoin? Try one of the biggest Peer-to-Peer bitcoin exchanges, LocalBitcoins but make sure to trade only with the sellers who have 100% clean rep (history) sheet. Be on the lookout for the users who are trying to get you out of the escrow platform to complete the trade and report them immediately.
Online Gambling in Argentina
Luckily for all of the Argentinian gamblers then almost all of the forms of gambling are legal in the country but there are some restrictions on the operators and the players. Online casino gambling in Argentina is legal but varies by providence. One of the most convenient ways to gamble online in Argentina is playing at one of the trusted bitcoin casinos. Check out some of the best BTC casino reviews and find the perfect house today!