Huobi Group, the parent company of the Huobi cryptocurrency exchange, announced the official launch of Huobi Argentina.
Launch of Huobi Argentina
In mid-October, Huobi Argentina will launch a local cryptocurrency exchange with a fiat gateway to exchange Argentinean pesos for cryptocurrencies using credit cards, bank transfers and digital payment services.
"Argentina is the most promising market for blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details development in South America. There is already a common consensus to stop dependence on local currencies and banks, with Huobi entering the market, this is a great opportunity to move to blockchain and crypto in Argentina," said Carlos Banfi, CEO of Huobi Argentina.
- Huobi Argentina launched a few months after Changpeng Zhao, Binance CEO, hinted that Binance plans to launch a cryptocurrency exchange in Argentina.
- The Argentinean government has recently stepped up its efforts to limit capital outflows from the country. Earlier this month, the Central Bank of Argentina issued a statement restricting individual Argentines from buying more than $10000 per month.