“Bitcoin is the non-violent revolution that we have been hoping and praying for.” - Erik Cason

Happy Saturday, Bitcoiners!

It's The Bitcoin Dispatch, here with your daily dose of Bitcoin news!

In today’s newsletter:

• 📜 Montana Paves the Way: Bitcoin Mining Rights Secured in Groundbreaking Legislation!

• 🇦🇷 Argentina's Central Bank Slams the Brakes on Bitcoin.

📜 Montana Paves the Way: Bitcoin Mining Rights Secured in Groundbreaking Legislation!

Well, well, well, look who's leading the way in Bitcoin mining rights – it's Montana! These trailblazers just signed the Right to Mine Bitcoin Bill into law, making them one of the first states to give legal protection to our beloved miners. Talk about being ahead of the curve!

This fantastic piece of legislation ensures that Bitcoin miners can dig away without facing discrimination or any pesky, unnecessary requirements. Not only that, but it also prevents unfair utility rates for Bitcoin mining and restricts local governments from meddling with it. Oh, and the cherry on top? Bitcoin payments won't be slapped with extra taxes or charges.

Bravo, Montana, bravo!

Source: Bill, No BS Bitcoin

🇦🇷 Argentina's Central Bank Slams the Brakes on Bitcoin

So Argentina's central bank decided to pull the plug on Bitcoin from payment apps, with the aim of saving their payment system from the big bad Bitcoin. But, like, they didn't bother to give any solid reason for this move. Just a vague notion of "protecting customers." Yeah, right.

Now, major platforms like Mercado Libre, the Latin American Amazon wannabe, can't let Argentinians buy Bitcoin. Real smooth, central bank.

Let's not forget that Argentina's economy is in shambles, with its crazy inflation rate crossing the 100% mark last month. So naturally, some crypto enthusiasts and even a popular presidential candidate thought Bitcoin could swoop in and save the day for regular folks struggling with the peso's nosedive. Argentina's been climbing the Bitcoin adoption charts, hitting lucky number 13 on Chainalysis' 2022 Global Crypto Adoption Index. Buenos Aires even hosted a fancy LaBitConf event, where heavy hitters like MicroStrategy's Michael Saylor a] talked up Argentina's growing Bitcoin game. But, of course, the central bank's gotta step in and mess it all up. Classic.

Source: Yahoo

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That's a wrap for today. Until next time.

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