There's no real reason to oppose bitcoin adoption honestly, and the government together with the citizens will benefit a lot from it. Good to see that the president considers all angles first before making a decision to oppose it. Most governments would surely just drop the idea down the drain without even considering the positive effects of bitcoin into their economy and society.
The country is a prime example of a nation stricken by fiat devaluation which can benefit from unconventional techniques like adopting cryptocurrencies.
Topic: Argentine President sees no reason to oppose Bitcoin adoption - page 3. (Read 369 times)
Because there isn't any.
As long as the gov gets his share (taxes), it should be fine. Maybe they figured out that bitcoin is unusable as a currency and pose no threat to their local currency so they don't care about it.
As long as the gov gets his share (taxes), it should be fine. Maybe they figured out that bitcoin is unusable as a currency and pose no threat to their local currency so they don't care about it.
With the global new crown epidemic in the past two years, everyone knows that the economies of all countries are not good.
Inflation has led to a sharp rise in gold this year, or a positive increase in bitcoin consumer prices will also erode the value of bonds, and their return rates are already low. Therefore, these countries need to look for investments with better returns.
Inflation is an invisible tax, a tax levied on everyone who holds cash, and it is always inevitable. It is the real "thief" of wealth. Choosing the right investment is the best way to fight inflation. Bitcoin is the best choice.
Inflation has led to a sharp rise in gold this year, or a positive increase in bitcoin consumer prices will also erode the value of bonds, and their return rates are already low. Therefore, these countries need to look for investments with better returns.
Inflation is an invisible tax, a tax levied on everyone who holds cash, and it is always inevitable. It is the real "thief" of wealth. Choosing the right investment is the best way to fight inflation. Bitcoin is the best choice.
Cause there's no reason to oppose it, President Fernandez sees what other countries don't see which is the worth of bitcoin in terms of economic and social contribution. I do hope that these vision of him don't stray far away when he steps down someday and his predecessor should be able to continue or improve it. I think Argentina is going to be the second country that will officially adopt bitcoin and hopefully more countries including their neighbors in the Latin America would go on and follow their footsteps.
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/
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/
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