Argentina To Discourage Crypto Use Under $45B IMF Deal – March 18

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $41,466

Bitcoin price has once again broken the $41,000 mark, rallying early this morning following a test of $40,000 support.

Top-20 altcoins once again have performed well, as Ethereum rises 5%, BNB gains 2% and Avalanche has another 5% advance.

Top Stories for March 18, 2022 πŸ”₯

πŸ‘‰ Argentina To Discourage Crypto Use Under $45B IMF Deal

The government of Argentina has agreed to “discourage” the use of cryptocurrencies in the country, as part of a $45 billion deal with the International Monetary Fund (IMF).

A leaked draft of the text showed that the discouragement is being made “with a view to preventing money laundering, informality and disintermediation”.

It is not yet clear what discouraging the use of cryptocurrencies involves, with the IMF refusing to provide comment to The Block.

πŸ‘‰ Coinbase Wallet Adds Support For Solana And SPL Tokens

Coinbase Wallet has added support for Solana and Solana-based (SPL) tokens, as part of a plan to “further integrate” with Solana decentralized applications and NFTs.

Users of Solana wallets including Phantom and Solflare are now able to easily import their existing wallet to the Coinbase Wallet, also via a browser extension.

πŸ‘‰ Binance Shuts Down For Users In Ontario, Canada

The world’s largest cryptocurrency exchange, Binance, has confirmed to the Ontario Securities Commission (OSC) that it will not allow any new users in Ontario, Canada to open trading accounts.

Existing trading accounts with Ontario-based users will also be ceased, with fee waivers and reimbursements to be provided to those users.