The Minister of Economy of Argentina and candidate for president, Sergio Massa, reported that the State will take measures to support informal workers who have suffered the ravages of growing inflation in the country.

The program will consist of the disbursement of the sum of 47,000 pesos (equivalent to $128.5) in both October and November.

This measure will benefit informal workers between the ages of 18 and 64, who lack registered income and do not receive any type of financial assistance from the State.

According to the most recent data provided by the authorities, the labor informality rate among salaried workers reached 36.8 % in the second quarter of this year. It is important to note that this figure does not include people who work informally on their own.

This new measure adds to a series of initiatives previously announced by Massa in recent weeks, aimed at partially offsetting the loss of income experienced by the acceleration of inflation in August, which reached 12.4 % compared to July and a 124.4 % in interannual terms. This increase came after a 22 % devaluation in the official exchange rate, which occurred one day after the August 13 presidential primaries.

Massa reiterated that this devaluation was imposed by the International Monetary Fund (IMF) as part of the recent reviews of the debt refinancing agreement worth $45 billion, signed with the organization in March 2022.

K. Tovar

Source: Bloomberg

(Referential image source: Pepi Stojanovski, Unsplash)

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La entrada Argentina will pay an “income boost” to informal workers apareció primero en Bitfinance.

Pavel Zavalny, chairman of the State Duma Energy Committee, said Russia could accept payments in different types of currencies for its oil and natural gas exports, depending on the requirements and the “state of foreign relations of the importing country“, taking Bitcoin as an option for allied countries.

Zavalny made the statements in the framework of a press conference where the scenario of the fuel and energy sector of his country and the world energy markets were addressed”.

“When it comes to our ‘friendly’ countries, like China or Turkey, who don’t put pressure on us, we have been offering them for a while to switch payments to national currencies, like rubles and yuan. With Turkey, it can be lira and rubles. So there can be a variety of currencies, and that’s standard practice. If they want Bitcoins, we will exchange Bitcoins,” said the parliamentarian.

Russia seeks mechanisms to evade sanctions

The Russian government, within the framework of the growing economic sanctions imposed, is looking for different mechanisms that allow it to sell its export products. Therefore, it is not closed to any of the possible alternatives, including receiving cryptocurrencies as a way payment for energy resources.

As will be remembered last Tuesday, Vladimir Putin, President of Russia, held a televised meeting with his government team where he stated that he will demand that “unfriendly” countries cancel the purchase of Russian gas in rubles. This generated confusion in the gas market and significantly impacted the price of fuel in Europe.

The president of the Energy Committee supported the president’s decision and added that the State should also admit other assets such as Bitcoin and gold. Zavalny said: “When we trade with Western countries… they should pay in hard currency, and hard money is gold, or they should pay in currencies that suit us, and that is the national currency: the ruble. That relates to our “unfriendly” countries.

For their part, the governments of the United States and the European Union, concerned that Russia may use cryptocurrencies to evade sanctions, reiterated that these regulations also extend to cryptographic assets. Therefore, they are modifying their policies and regulations to in order to prevent Russia from entering the cryptocurrency market.

M. Rodríguez

Source: diariobitcoin.com

La entrada Russia could accept Bitcoin as payment for oil and gas apareció primero en Bitfinance.

Twitter Blue is the new voluntary payment service that instant messaging platform has launched in Canada and Australia, which seeks, in its first phase, to investigate the opinion of its users.

The information was issued through a statement published on the organization’s official blog, highlighting that the subscription offers “exclusive, improved and complementary features” to those existing in its free version and which will not disappear.

The service will have a cost in Australia of $ 4.49, while in Canada it is in the order of $ 3.49. Among the new functions the bookmarks folders stand out. They will allow to save and manage the tweets; undo tweet.

In addition, it launches a window where you can review the tweets in a preview, for thirty seconds, where you can modify the message before publishing it, as well as a reading mode, which converts the threads into “easy-to-read text”.

With the subscription, users will be able to customize the application icon, select a color theme, as well as access a customer help service.

Fuente: dpa

La entrada Twitter confirms its Twitter Blue payment service apareció primero en Bitfinance.

The concept “digital currency” was already registered in various aspects of the regulations for the use of the same

According to a document written by a tax consultant named Marcos Zocaro, about cryptocurrencies, the modifications in tax matters in the province of Córdoba in Argentina include the incorporation of the concept of “digital currency” that refers to the use of these assets for various purposes.

According to Zocaro, the document specifies the purchase and sale of crop assets and even the sale of digital currencies received as part of the payment for the provision of a service or sale of some good.

“In this way, Córdoba becomes the first sub-national jurisdiction to start regulating operations with crypto assets, with all the challenges that this activity poses,” said Zocaro.

Purchase and sale of assets

Regarding the purchase and sale of assets, the consultant indicated that the tax base “will be made up of the difference between the sale and purchase prices, provided they are made by subjects who were used to make such operations.”

He also added that the tax law “establishes tax rates ranging from 4 % to 4.5 % for services provided by exchanges and from 4 % to 6.5 % for the buying and selling digital currencies.”

K. Villarroel

Source: Cointelegraph

La entrada Province of Argentina includes cryptocurrencies in tax issues apareció primero en Bitfinance.