OKX Expands to Argentina, Offering Crypto Exchange and Web3 Services
Cryptocurrency exchange OKX is making its way into the Latin American market with its expansion to Argentina. As part of its strategy, OKX will provide Argentines with access to its exchange platform, a self-custody wallet, and the ability to trade NFTs. The move comes after OKX successfully launched its services in Brazil. According to OKX President Hong Fang, Argentina is an exciting market due to its strong crypto adoption and rapid evolution in the sector. The exchange plans to offer a range of services to its Argentine customers, including crypto trading, a P2P platform, a non-custodial wallet, and monthly proof of reserves reports to ensure fund safety.
Argentina’s President Encourages Crypto Adoption Amid Inflation
The recent election of pro-Bitcoin Javier Milei as Argentina’s new president highlights the country’s struggle with inflation and poverty. Milei aims to address these issues by introducing crypto measures and criticizing the central bank’s handling of the situation. The government has passed a decree allowing the use of Bitcoin and other cryptocurrencies for settlements. Additionally, a new law is being introduced to make it easier for Argentines to legalize undisclosed crypto holdings on tax declarations. Milei believes that Bitcoin offers a natural solution to combat central bank fraud and enable financial privacy. With these developments, Argentina is positioning itself as a crypto-friendly nation.
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