The Central Bank of Argentina, under the guidance of its director Juan Agustin D’Attellis Noguera, is actively pursuing the development of an Argentine central bank digital currency (CBDC), following an announcement by the current economy minister and presidential candidate Sergio Massa. D’Attellis disclosed during an interview that the bank is in the process of drafting a bill to present the Argentine CBDC to the Argentine Congress. He emphasized the urgency of introducing this legislation “as soon as possible.” However, the outcome may be subject to change based on the results of the upcoming presidential elections in Argentina. If libertarian candidate Javier Milei secures victory, his proposed plan of dollarization and the elimination of the central bank and Argentine peso could potentially derail the CBDC initiative.
Bitfinex Makes P2P Exchanges Free in Argentina, Colombia, and Venezuela
Bitfinex, a prominent cryptocurrency exchange, has announced a notable development by exempting users on its newly introduced peer-to-peer (P2P) market in Argentina, Colombia, and Venezuela from trading fees. According to a press release, Bitfinex’s platform now enables users to engage in instant crypto-to-crypto transactions around the clock without incurring any associated fees. This move is aimed at attracting a broader user base from established cryptocurrency platforms. Bitfinex’s Chief Technology Officer, Paolo Ardoino, noted that this initiative is designed to provide a user-friendly and efficient platform for P2P token trading, offering enhanced convenience and flexibility to meet the diverse needs and preferences of their customers.
Salvadoran Vice-President Cites Bitcoin Policies for Economic Rejuvenation
Feliz Ulloa, the Vice-President of El Salvador, has attributed the economic rejuvenation of the country to its bitcoin-related policies and the decision to adopt bitcoin as legal tender. In an interview featured in Forbes, Ulloa acknowledged that El Salvador faced significant opposition from international institutions like the International Monetary Fund when pursuing its bitcoin-friendly approach. However, he highlighted the positive impact of these policies, which have attracted both investors and tourists to the country. Ulloa emphasized that by positioning itself as the first nation to embrace cryptocurrency as legal tender, El Salvador became a pioneer and succeeded in drawing the interest of numerous investors who have since established themselves in the country.
