Argentine MP Asks For Answers On Government Mining Sector As Interest In Cryptocurrencies Grows »alt =» Argentine parliamentarian asks for answers from the government’s mining sector to as real estate interest in cryptocurrencies grows 101 ″ class = »content-img» /> Source: Adobe / Maksym Kapliuk

Cryptocurrencies are becoming a big problem in Latin America, where an Argentine congressman has asked the government for answers on cryptocurrency policy, as interest in cryptocurrency-based real estate grows in the country.

According to Deputy Martín Berhongaray, a deputy from the Radical Civic Union Party, the second-largest party in parliament and part of the ruling coalition Together for Change, has challenged the government on issues related to cryptocurrency mining.

Berhongaray has submitted a request for information on the environmental and financial consequences of token mining.

request will likely force a response from its recipients, the Ministry of Science, Technology and Innovation and the Ministry of Environment and Sustainable Development, as well as the ministries of finance and security.

parliamentarian wants to know if the executive “is examining and preparing measures to avoid adverse effects” related to the “technological phenomenon of cryptocurrencies.”

request of the parliamentarian asks for answers if the existing energy, environmental, financial and fiscal policy has been formed “taking into account the existence of the phenomenon of cryptocurrencies.”

He also wants to know if the government has been “aware of subsidies” for measures related to excessive energy consumption, such as cryptocurrency mining. He said that the subsidy costs “pass a large part of the costs to the population as a whole.”

In addition, Berhongaray asked if studies had been carried out on the “importance” of cryptocurrency mining production and “if the implementation of regulatory policies or courses of action with respect to financial, tax or security issues has been evaluated.”

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Meanwhile, La Nación reported that the Bitfarm mining team has set its sights on expansion in Argentina, with initial plans to start operating 55,000 mining rigs, probably in the Argentine part of Patagonia.

paid ownership of Argentine cryptocurrencies is also becoming a genuine interest among certain tranches of the company. scope reported.

media quoted Gabriel Brodsky, CEO of a real estate company called Predial . He said the average age of those interested in cryptocurrency-based real estate trading in Argentina was 40.

Brodsky added that buyers who own bitcoin (BTC) could expect to get their hands on “studio” apartments and two small rooms in Buenos Aires neighborhoods such as Almagro, Villa Crespo, Paternal and “parts of Caballito” for BTC 2 (approximately USD 80,000 at the time of the interview). He noted that the same type of price could also lead a buyer to award a studio apartment in the most exclusive neighborhoods of Palermo and Belgrano.

However, he noted that most crypto buyers and sellers preferred to make USD-pegged stablecoin deals like Tether (USDT).

Brodsky concluded that many buyers and sellers in this age group had expressed a desire to access the ‘ease and agility’ of crypto payments, which are ‘different from cash transactions where you are exposed to security issues or transfers. banking. With all the bureaucracy involved in that «.____ To know more: – Uruguayan Senator Sartori presents a bill for the adoption and regulation of cryptocurrencies – Protesters protest against Bitcoin in front of the parliament of El Salvador

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