Argentinian Government Excludes Crypto Investors From Buying Dollars – Regulation Bitcoin News

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Argentinian Government Excludes Crypto Investors From Buying Dollars – Regulation Bitcoin News
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The Argentinian Central Bank has issued a resolution that excludes companies and individuals that have purchased cryptocurrencies from accessing dollars at the official rate.

with the number 7552, declares that access to the official dollar markets will be open to individuals and companies that:Have not delivered funds in local currency or other local assets to any human or legal person, resident or non-resident, related or not, receiving as prior or subsequent consideration, directly or indirectly, by itself or through a related, controlled or controlling entity, foreign assets, crypto assets or securities deposited abroad.

According to local sources, the new set of restrictions would be directed to close the loophole that some organizations use by leveraging the exchange control channels to benefit themselves, purchasing cheap dollars at an official rate, and then using these to buy cryptocurrencies to exchange them at a higher rate.

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