Binance, Buenos Aires to Encourage Sensible Crypto Adoption—But What About Meme Coins?
The post Binance, Buenos Aires to Encourage Sensible Crypto Adoption-But What About Meme Coins? appeared com. In brief The world’s biggest crypto exchange by trading volume, Binance, is working with the Buenos Aires city government to encourage safe crypto adoption. Binance and Buenos Aires want citizens and small businesses to use digital assets. Argentina’s president, Javier Milei, ran into trouble this year after he promoted a meme coin. Binance and the Buenos Aires city government are working together to encourage sensible crypto adoption, they said in a joint statement on Thursday. Binance and the city’s government said they wanted to help “more citizens experience crypto as a tool for empowerment.” “While adoption of digital assets continues to grow globally, so does the need for responsibility and education,” the announcement said. “Crypto’s advantages, such as financial inclusion, borderless transactions, and user empowerment, can only be fully realized when users understand how to manage them safely.” Residents and local businesses will be encouraged to use digital assets, according to the announcement. Buenos Aires, Argentina’s capital city, has a large crypto community, with people using stablecoins as a way of skirting rising prices. Argentina has one of the world’s highest levels of inflation. The country is among several South American nations where participation in digital asset trading and entrepreneurship have risen. Stablecoins are digital tokens typically pegged to the value of fiat money like US dollars that some tech-savvy users buy to gain exposure to more stable currencies. Argentina faced crypto controversy earlier this year when lawyers filed criminal complaints against President Javier Milei alleging fraud after he advertised a meme coin called LIBRA. The Solana-based token shot up in value before crashing hard, and.
