Topic: Argentine President sees no reason to oppose Bitcoin adoption (Read 368 times)
I love to read threads like this and to see people who have great innovative minds. Naturally, I don't see why anybody will oppose the adoption because it doesn't take anything away from the economy.
As long as the people and safe and their welfare is not at stake and they seems to be far away from scam schemes and they wanted to use Bitcoin and other cryptocurrency to be part of their daily life situation, then there is really nothing wrong with the adoption. As long as there is no threat being seen that will affect the people, then it is good to go but still it is the responsibility of the individual to take hold of how he will handle things on his own and make use of the freedom that is being given by the state compared to others that have been restricted by their government due to certain reasons.
First of all, I think there is a bit of a confusion in this post. I believe the quotes you have here were copied direct from the news you saw this, and in the quotes we can clearly see that they are talking about CBDC and not bitcoin, you’re the one that keeps mentioning bitcoin. So, I guess he was talking about CBDC? Anyways, it’s not bad if they are also referring to cryptocurrency as a whole.
But, know that CBDC is totally different from the normal cryptocurrencies that we know, such as bitcoin. That a country has CBDC doesn’t mean that they are going to allow cryptocurrencies. They can still have their own CBDC and also ban cryptocurrencies such as bitcoin, just like what China has done. Although I don’t think that stops people from using bitcoin. The power of bitcoin is in decentralization.
But, know that CBDC is totally different from the normal cryptocurrencies that we know, such as bitcoin. That a country has CBDC doesn’t mean that they are going to allow cryptocurrencies. They can still have their own CBDC and also ban cryptocurrencies such as bitcoin, just like what China has done. Although I don’t think that stops people from using bitcoin. The power of bitcoin is in decentralization.
And that's what we waiting for and once this happens it's bitcoin to 1 million dollars.
amazing, nothing is impossible in crypto world. 1 million dollars, 2 million dollars and so on can happen at any time. Bitcoin has a strong community and supports future technologies that will make a lot of changes in human transactions. Currently developed countries are starting to look at Bitcoin, other countries are also monitoring Bitcoin's performance. Future technology that must continue to be developed. Bitcoin is a very valuable digital asset. 
Argentina has been grappling with inflation for years. The head of state believes that the use of bitcoin can neutralize the effects of inflation. On the other hand, he also expressed his concerns about this issue.
"It’s a global debate, and I must confess that it’s a topic [that should be approached with] caution. In my case, there is caution because of how unfamiliar it is and because it’s hard to understand how this fortune materializes."
Why would third level country where all major problems like poor education system, corruption,crimes and most importantly high rate of inflation are present would worsen their economy with putting a ban on bitcoin that could benefit their economy as whole which they miserably had failed to do so? The CDBC will help them out of such conditions? The answer is simple no and that is why they don't seems to have any reason for such things and want to adopt them.Alberto is open to adoption but his government and central banks are not seems to agree with him and he alone can't take any decision so this news might not come true soon. "It’s a global debate, and I must confess that it’s a topic [that should be approached with] caution. In my case, there is caution because of how unfamiliar it is and because it’s hard to understand how this fortune materializes."
the president of argentina sees no reason to oppose the adoption of bitcoin,?? The steps taken by the Argentinian government are indeed on track, because the emergence of bitcoin never poses a threat to anyone including the government, because the emergence of bitcoin is purely because it wants to provide new challenges for us, to be able to compete fairly to increase our income. .
it's even long overdue because long before El Salvador there are already users of Bitcoin in that area just like Venezuela. i'm sure his approval doesn't mean that he knows nothing about Bitcoin. this is a president of a country, he can easily find someone who can tell him exactly what Bitcoin is and the underlying tech on it. if El Salvador had risen to stand up against economic sanctions, they should too by using Bitcoin.
the president of argentina sees no reason to oppose the adoption of bitcoin,?? The steps taken by the Argentinian government are indeed on track, because the emergence of bitcoin never poses a threat to anyone including the government, because the emergence of bitcoin is purely because it wants to provide new challenges for us, to be able to compete fairly to increase our income. .
LOL.. I could understand the positive stance taken by El Salvador, since the president is fond of new technology and he is somewhat a political outsider. But the case with Argentina is different. Unlike the case with El Salvador, they have a national currency (Argentine Peso) which is very susceptible to inflation. So at this point, tolerating Bitcoin carries a certain amount of risk for them. I was expecting Ecuador to follow El Salvador's example (since they don't have a national currency). But a few weeks back, the parliament there passed an anti-Bitcoin legislation.
This statement strengthens again the mass adoption of Bitcoin that is probably done by many more countries in the world.
Although he said so. he is also aware that this topic is a global issue and should be talked about and thought about very carefully.
If he can see the positive impacts of Bitcoin than the negative side, it seems that the country may be sooner adopting Bitcoin and crypto globally. But, let's see what's next because it is still a personal statement.
Although he said so. he is also aware that this topic is a global issue and should be talked about and thought about very carefully.
If he can see the positive impacts of Bitcoin than the negative side, it seems that the country may be sooner adopting Bitcoin and crypto globally. But, let's see what's next because it is still a personal statement.
As part of the crypto community this kind of news excites me to see what will going to happen or what will be the positive feedback about it. I mean the investors and traders of cryptocurrency still could see the good in investing in crypto even if the worlds leaders or the leaders in any nation didn't recognize the potential of this platform and as what happened the platform continuously doing great even if there are countries who banned the platform.
Good take, he prolly sees the adoption that has happened to El Salvador. He's right that there's no debate for them to say no against it because they're going to benefit from adopting it. What if there are handful bitcoin rich in their country and those folks encashed them, then the taxes and money will flow into their economy which is beneficial to them. This is what the other countries don't understand and only sees bad through bitcoin adoption.
I don't see why would anyone would see Bitcoin as a threat anyway. If Bitcoin was meant to destroy local currencies then it should already have been able to back in 2010s. People would still be able to transact BTC without taxes through p2p though. The only way that I think that they can get some tax out of every BTC transaction especially in merchants is by using custodial wallets.
The reality today is that some people who don't really understand crypto are only telling bad stories about using crypto in the past. such as money laundering. terrorist thing. drugs and others. but if the real people really understand it also happens even with flats so it has nothing to do with crypto specifically. when viewed from the other side, crypto will really build a country's economy much better for sure.
It just needs time and proper understanding. If Argentine President has that kind of mindset allowing Bitcoin and adopt it within their system, it can surely help them and those people who know Bitcoin and crypto around their country.
Another good thing that will happen to this industry.
There is nothing surprising about this news at all. Argentina is suffering from a financial crisis from sometime now and accepting BTC and other popular cryptocurrencies could help their economy in the short-term and long-term.
Financially unstable countries accepting cryptocurrencies has become a trend in recent times since they stand to gain more in my opinion.
Financially unstable countries accepting cryptocurrencies has become a trend in recent times since they stand to gain more in my opinion.
There seems to be a growing interest in bitcoin and cryptocurrencies in South and Central America, with Argentina also pointing to the acceptance of bitcoin.
Speaking to local media, Caja Negra, President Alberto Fernandez addressed issues related to the government's view of digitalization. Asked about Argentina's plan to offer its central bank (CBDC) digital currency, Fernandez said:
"I don’t want to go too far out on a limb but there is no reason to say ‘no’. Perhaps that is a good path to take […] Everything is possible. They say the advantage is the inflationary effect is largely canceled out."
Argentina has been grappling with inflation for years. The head of state believes that the use of bitcoin can neutralize the effects of inflation. On the other hand, he also expressed his concerns about this issue.
"It’s a global debate, and I must confess that it’s a topic [that should be approached with] caution. In my case, there is caution because of how unfamiliar it is and because it’s hard to understand how this fortune materializes."
Last month, El Salvador became the first country to accept bitcoin as a legal entity. Since then, several other countries have shown interest in dealing with bitcoin.
Source: https://btcpeers.com/argentine-president-sees-no-reason-to-oppose-bitcoin-adoption/
Another good news for Bitcoin again and I still believe that more are yet to come. Many countries are seeing this, seeing the way friendly countries are adopting the use and transactions of Bitcoin as a payment system for buying and selling of goods and services. Countries like China, North Korea, UK and many more who had being against the existence of Bitcoin are seeing this and I believe that they are still going to change their mind and perspectives they have against Bitcoin and it's interface. Speaking to local media, Caja Negra, President Alberto Fernandez addressed issues related to the government's view of digitalization. Asked about Argentina's plan to offer its central bank (CBDC) digital currency, Fernandez said:
"I don’t want to go too far out on a limb but there is no reason to say ‘no’. Perhaps that is a good path to take […] Everything is possible. They say the advantage is the inflationary effect is largely canceled out."
Argentina has been grappling with inflation for years. The head of state believes that the use of bitcoin can neutralize the effects of inflation. On the other hand, he also expressed his concerns about this issue.
"It’s a global debate, and I must confess that it’s a topic [that should be approached with] caution. In my case, there is caution because of how unfamiliar it is and because it’s hard to understand how this fortune materializes."
Last month, El Salvador became the first country to accept bitcoin as a legal entity. Since then, several other countries have shown interest in dealing with bitcoin.
Source: https://btcpeers.com/argentine-president-sees-no-reason-to-oppose-bitcoin-adoption/
I like how President Alberto Fernandez is cautious about making decisions over bitcoin just yet which should be the decision everyone should be making and not acting on emotions or closing this opportunity for others because you don't understand cryptocurrencies.
Let technocrats advise then decisions be made but for now great job Mr President .
Let technocrats advise then decisions be made but for now great job Mr President .
I think that gradually the governments of all countries will look for methods to legitimize bitcoin.
And that's what we waiting for and once this happens it's bitcoin to 1 million dollars.
With the economic drought that the majority of countries are experiencing, I think it's safe to assume that most of these countries are likely to put Bitcoin as an option in the midst of this economic drought and not oppose to it, though after reading a few replies in this thread, the topic and the article is heavily misleading, but I do get the OP's point, but the whole topic is misinforming.
Unfortunately, that's just another article with a misleading headline... The part where he said "there's no reason to say no" was meant for their own CBDC, not BTCitcoin!
Guys, SFR10 is completely right on this one. The article's very short, but the phrase was clearly related to overall digitalization and to issuing Argentina's own centralized digital currency. Then again, Nasdaq reports it differently, saying that in the interview, the President said these words when referring to adoption of Bitcoin as a legal tender... If Argentina's suffering hard from inflation, these words might actually mean something because the government might be desperate at this point. However, out of context, the phrase itself doesn't signify any support of Bitcoin either, as it might be considered as the last resort, and what the President might have meant was that if the Parliament votes for such a law, he wouldn't veto it or something.
I am happy to hear the news from President Alberto Fernández of Argentina to explore the possibilities to adopt bitcoin in the nation.
Because while the government learns how bitcoin can help fight inflation in the country.
There are already Argentines trading bitcoin and cryptocurrencies on Binance and other exchange platforms.
This phenomenon is occurring in all corners of the world is the people who take the first step in search of solutions that governments still do not dare.
Below is a link from Binance.
How to buy Bitcoins in Argentina? Guide to make money with Bitcoin | Binance P2P
2020-11-1
https://www.binance.com/es/blog/421499824684901176/-Cómo-comprar-Bitcoins-en-Argentina-Guía-para-ganar-dinero-con-Bitcoin-%7C-Binance-P2P
Because while the government learns how bitcoin can help fight inflation in the country.
There are already Argentines trading bitcoin and cryptocurrencies on Binance and other exchange platforms.
This phenomenon is occurring in all corners of the world is the people who take the first step in search of solutions that governments still do not dare.
Below is a link from Binance.
How to buy Bitcoins in Argentina? Guide to make money with Bitcoin | Binance P2P
2020-11-1
https://www.binance.com/es/blog/421499824684901176/-Cómo-comprar-Bitcoins-en-Argentina-Guía-para-ganar-dinero-con-Bitcoin-%7C-Binance-P2P
This statement strengthens again the mass adoption of Bitcoin that is probably done by many more countries in the world.
Although he said so. he is also aware that this topic is a global issue and should be talked about and thought about very carefully.
If he can see the positive impacts of Bitcoin than the negative side, it seems that the country may be sooner adopting Bitcoin and crypto globally. But, let's see what's next because it is still a personal statement.
Although he said so. he is also aware that this topic is a global issue and should be talked about and thought about very carefully.
If he can see the positive impacts of Bitcoin than the negative side, it seems that the country may be sooner adopting Bitcoin and crypto globally. But, let's see what's next because it is still a personal statement.
This an interesting news and all thanks to El Salvador (which open the eyes of the federal government that Bitcoin is not a threat)and the IMF Boss which advised the government to create their own CBDC because crypto is the future of currency and payment.
If countries like Argentine that had hyper-inflation use Bitcoin and their upcoming CBDC as legal tender it will boost their economy.
If countries like Argentine that had hyper-inflation use Bitcoin and their upcoming CBDC as legal tender it will boost their economy.
At least they are not closing their doors to blockchain technology. They know, at some point they need to face this development in currency. But up until now, many governments are still lip-sealed when it comes to cryptocurrency. It is nice that the Argentine President is open to new developments when it comes to digital currency. It may take time before we see their massive adoption to crypto, but that's a good signal that may open for their merchants to look at crypto in serious manner.
This an interesting news and all thanks to El Salvador (which open the eyes of the federal government that Bitcoin is not a threat)and the IMF Boss which advised the government to create their own CBDC because crypto is the future of currency and payment.
If countries like Argentine that had hyper-inflation use Bitcoin and their upcoming CBDC as legal tender it will boost their economy.
If countries like Argentine that had hyper-inflation use Bitcoin and their upcoming CBDC as legal tender it will boost their economy.
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