With the Decree of Necessity and Urgency (DNU) by Javier Milei that modified the Civil and Commercial Code, the Chancellor expressed that “contracts may be agreed” in “species.”
After the publication of the controversial Decree of Necessity and Urgency (DNU) of Javier Milei that deregulates the economy, his relatives turned to the networks to give their opinion on the new measures. This was the case of Diana Mondino, the Chancellor of the new Government, who assured that “contracts can be agreed in Bitcoin” and to this idea she added another that Argentines remember well: barter.
“We ratify and confirm that in Argentina contracts can be agreed in Bitcoin” Mondino had published on his X (Twitter) account in reference to article 766, which states that the debtor “must deliver the corresponding amount of the designated currency, whether the currency is legal tender in the Republic or not.” In that sense, Mondino added: “Also any other crypto and/or species such as kilos of steer or liters of milk”.
This type of exchanges that became widely known in Argentina as barter They were part of the economic scene of the nineties and principles of 2000 in the middle of the crisis.
DNU on deregulation of the economy: what it says about contracts
Among all the measures taken by the Government through the Decree of Necessity and Urgency (DNU) which was announced this Wednesday night and which was published this Thursday in the Official Gazette, is the modification of the Civil and Commercial Code with two objectives: on the one hand, to “reinforce the principle of contractual freedom between the parties” and, on the other, to “guarantee that the obligations contracted in foreign currency must be paid in the agreed currency”. That is, you can buy goods and contract services with dollars.
As detailed by a source to Ámbito, “the first modification mentioned seeks to privatize transactions and contracts between parties, for example, the leasing and purchase/sale operations of goods and services linked to abroad.” This is also an example of a type of contract that could also be made through Bitcoin.
From now on, the aforementioned article will establish that “The obligation is to give money if the debtor owes a certain amount of currency, determined or determinable, at the time of constitution of the obligation, whether or not it is legal tender in the country.“and that “the debtor is only released if he delivers the committed amounts in the agreed currency. “Judges cannot modify the form of payment or the currency agreed upon by the parties.”
Source: Ambito
