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Argentina Approves IMF Debt Deal Discouraging Crypto Use

Argentina's Senate has approved a $45 billion debt deal with the International Monetary Fund (IMF) that includes a provision about discouraging the use of cryptocurrency in the country. “The Hash” team discusses how financial instability in Argentina led to widespread crypto adoption and the threat of decentralized finance (DeFi) to the global distressed debt system orchestrated by the IMF and the World Bank.