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Cryptocurrency’s popularity in argentina is attributable to more than the country’s history of capital controls or high rates of inflation. The international monetary fund (imf) says that an examination of crypto asset adoption reveals it is correlated with corruption and capital controls. Corruption has existed since time immemorial. Bitcoin spiked to a high of nearly $42,000 on 8 january, before tumbling 20% to $33,000 just a few days. South africa enacts crypto capital controls the reserve bank of south africa (sarb) is introducing new regulations regarding how people can, and should, hold cryptocurrency.
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