Mired in a financial crisis, Argentina becomes a hotbed for cryptocurrencies

Americas Now

One of the subjects on the agenda at the G20 was reaching an agreement on regulating cryptocurrencies.

Argentina has considerable experience in bitcoins and similar tokens and, increasingly, blockchain technology.

Capital controls and historic financial and economic turmoil have meant many here embraced the idea of digital money early on.

Correspondent Joel Richards reports on the country’s high use of cryptocurrencies, and who is behind them.

Many entrepreneurs from the dot com era were from Argentina. This may partly explain why this country has been so fast to adopt bitcoin and investigate the possibilities of blockchain.