Argentina’s Central Bank Bans Bitcoin Purchases With Credit Cards

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After recently imposing limits on U.S. dollar purchases, the Central Bank of Argentina (BCA) announced Oct. 31, that citizens are prohibited from using credit cards to buy Bitcoin (BTC) or other cryptocurrencies. The news was initially reported by Cointelegraph Brazil on Nov. 1.

The measures were published in a communication covering several industries in which credit card use was limited or prohibited. The section referring to cryptocurrency reads:

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