Argentine Economy Minister Sergio Massa assured that if he wins the elections and becomes the next president of the nation, will introduce a digital currency. His words were uttered during the presidential debate taking place today, October 1, 2023, as of this writing.
“We are going to launch the Argentine digital currency,” said the Unión por la Patria candidate, then explained: “Just as your children propose in their platform economy the possibility of trading with their cell phone or their card, we will do it like that.” .” to do worldwide for all of Argentina.
The minister added that this digital currency “will be accompanied by an anti-money laundering law that will allow those who have money abroad to take it with them and use it freely without new taxes.”
Concluding his presentation on this topic: Massa promised that those who use the Argentine digital currency as an economic transaction mechanism will receive a tax break.
The presidential candidate did not provide any further details on this topic. He did not explain whether this currency, if issued, will be developed on a distributed network or whether it will be a centralized protocol. As CriptoNoticias reported, there are several countries that are already using or exploring the use of central bank digital currencies (or CBDC, as the acronym is in English).
Citing the right to comment provided for in the debate rules, fellow candidate Patricia Bullrich, who represents the “Together for Change” alliance, spoke up. “You did everything wrong, you doubled the inflation numbers, you doubled the dollar numbers, you created 40.1% poverty. And now you’re telling us that as president you’re going to do something different than what you’ve done before?”
Javier Milei, candidate of La Libertad Avanza, was another who took advantage of the right of reply to comment on Massa’s words: “Minister Massa, how beautiful everything you say is.” Too bad he can’t do it if inflation does not fall. We are on the verge of hyperinflation. Instead of a fairy tale, why don’t you tell us how to avoid hyperinflation?