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ARTICLE · 12 NOVEMBER 2018

Cryptocurrencies In Contracts: Legal Possibility In Argentina

Cryptocurrencies in contracts is a phenomenon of relatively recent emergence and growing use that, at this point, cannot be ignored by national laws.

ArgentinaTechnology

Cryptocurrencies in contracts is a phenomenon of relatively recent emergence and growing use that, at this point, cannot be ignored by national laws. The so-called cryptocurrencies or virtual currencies (bitcoins being the best known) are denominations of the same reality: the creation of goods, in a digital and decentralized manner, which "intend" to become units of value or measure for the exchange of goods and services.

To explain what cryptocurrencies are from the point of view of the information and communications technology goes beyond the boundaries of these brief thoughts, and for that purpose there exists specialized technical literature. We will only try to make a very basic framing of this global and transborder current phenomenon, with the very limited tools that Argentine law contemplates and which, of course, were not intended to capture their specific characteristics. With these limitations we can state:

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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