IMF has arm twisted Argentina to block crypto adoption! The country's banks were looking to offer crypto services to customers. Now the Central Bank has blocked banks from doing so. Meanwhile inflation >50%!

Few days ago, Argentina's banks started offering crypto to their customers. Not just Brubank but also Banco Galicia started offering crypto services.

Immediately, the central bank of Argentina stepped in to put a stop to this! They have now prohibited banks from offering any kind of crypto related products.

Why?...

Because Argentina has signed yet another bail out deal with the IMF, where the IMF has arm twisted the Argentina Central Bank into adopting a anti-crypto stance. This is a brazen blackmail scheme.

https://np.reddit.com/r/CryptoCurrency/comments/th4gpp/talk_about_signing_a_deal_with_the_devil/

The deal with the IMF includes this clause:

To further safeguard financial stability, we are taking important steps to discourage the use of cryptocurrencies with a view to preventing money laundering, informality and disintermediation.”

Using flawed money laundering rhetoric, they have blackmailed Argentine government and central bank to block crypto adoption.

This is the fiat mafia rearing its ugly head, trapping countries into accepting their debt rescue plans that thrust people into more poverty.

The current inflation rate in Argentina is greater than 50%!

https://www.focus-economics.com/countries/argentina/news/inflation/inflation-soars-in-march

Argentine Peso has crashed 99% vs the USD.

Yet the shameless government continues to get trapped by corrupt agencies like IMF. Im sure this latest Argentina bailout package is going to work so much, just like the ones before them...

It is now the standard IMF's blackmail the country to stop crypto adoption whenever any country seeks a bailout.