News by Altcoin Buzz: Deepika Garg
In the past two weeks, Argentina’s government imposed severe measures on the purchase of US dollars and cryptocurrencies. The country did it to preserve its foreign reserves. As a result, Bitcoin’s demand over peer-to-peer exchanges soared up leading to a staggering 35% premium imposition.
While the mother of all coins (Bitcoin) was trading in the range of $9,300 across the globe, Argentina’s major local exchange Ripio was selling it at $12,556.60. And the premium streak continues even after 24 hours. At press time, Coingecko reports Bitcoin prices to be $9,374.14. But Ripio continues to sell BTC at $12,309.52.