Argentines Escaping Currency Controls with Bitcoins - Sovereign Man

Posted March 14th, 2013 by tomcat

In Argentina Inflation is rampant, corruption is incorrigible, and freedom is waning. Argentine President Cristina Fernandez is instituting Price controls, imposed a price freeze at grocery stores, restricted people from changing pesos into other currencies, including gold. Argentines have reached their breaking point! For obvious reasons, Bitcoins are becoming increasingly popular in Argentina as people seek any means necessary to survive the economic destruction. For example a local tour operator and rental car agency there has started accepting bitcoins. An important lesson is that it's easier to take these steps BEFORE it all hit the fan… not after.

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