Argentine Economy Minister Sergio Massa confirmed that if he wins the elections and becomes the country’s next president, The digital currency will be launched. His words were expressed during the presidential debate taking place today, October 1, 2023, at the time of publication.
“We will launch the Argentine digital currency,” the UFP candidate said, then explained: “Just as your children propose in their platform economy the possibility of trading using their mobile phones or cards, we will do so.” To do globally for all of Argentina.
The minister added that this digital currency “will be accompanied by a money laundering law that allows those who have money abroad to bring it and use it freely without new taxes.”
To conclude his presentation on this topic, Massa promised that those who use the Argentine digital currency as a mechanism for economic transactions will receive a tax cut.
The presidential candidate did not provide further details about this issue. He did not clarify whether this currency, if issued, would be developed on a distributed network or whether it would be a central protocol. As CriptoNoticias reported, there are several countries that are already using, or exploring the use of central bank digital currencies (or CBDC, for its abbreviation in English).
Using the right of reply established by the debate regulations, fellow candidate Patricia Bullrich, who represents the Together for Change coalition, spoke. “You did everything wrong, you doubled the inflation numbers, you doubled the dollar figure, you generated 40.1% poverty. And now you want to tell us that as president you will do something different from what you have done so far?”
Javier Miley, candidate of the Advanced Freedom Party, was the last to use the right of reply to comment on Massa’s words: “Minister Massa, how beautiful everything you say is. Too bad he can’t do that if inflation doesn’t fall. We’re on the verge of hyperinflation, why don’t you tell us how you’ll avoid hyperinflation instead of a fairy tale?
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