The first ever company with authorized cryptocapital has been registered in Argentina

“Argentina's Inspectorate General of Justice and law firm Allende & Brea announce that the first Latin American joint stock company integrated with cryptocurrency capital has been registered in the country,” the registrar said in an official statement.
A representative of the law firm Allende & Brea explained that the creation of a company with cryptocurrency authorized capital implies a legal business arrangement in which the partners provided a predetermined amount of digital assets to support the company's operations and demonstrate an interest in the business.
The incorporation process required the creation of two cryptocurrency wallets through local digital asset exchanges Lemon Cash and Ripio. The capital, equivalent to 470,625 Argentine pesos (about $500), was represented by 0.00457621 BTC ($302.50) and $194.99 in USDC stablecoins.

Forbes previously reported that citizens of Argentina, the country with the highest adoption of cryptocurrencies in the Western Hemisphere and an inflation rate of about 300%, do not trust the services of cryptocurrency exchanges and favor self-storage of digital assets.