Argentine President sees no reason to oppose Bitcoin adoption

[Fesatmas]

I agree any country that wants to try to adopt Bitcoin is a good move, but that goes back to how the amendments of countries consider Bitcoin to be a value which and withstand any kind of inflation. So far Argentina has had another opportunity to improve its fiat, because what if it is still in a hurry to make decisions and because it sees El Salvador and the countries that have adopted Bitcoin as payment. Argentina must involve all the interests of the government and a well-thought-out plan to implement a detailed payment system. They need to hold a special meeting with the bank in their country and take the right steps to make a decision.

[taufik123]

Argentina seems to be inspired by the State of El Salvador which first accepted bitcoin. Argentine president Alberto Fernandes said he agrees with the idea that crypto will play a bigger role in the Argentine economy. The high interest in crypto certainly should be with great caution.

Argentina is still thinking and conducting ongoing research whether it is true that it will accept bitcoin or not, because it seems that bitcoin acceptance in Argentina is still a prolonged discussion and will not be realized in the near future. But the president of argentina has an open attitude on bitcoin which certainly does not rule out the possibility that there will be an opportunity for bitcoin to be accepted.

[dkbit98]

South America catches Bitcoin fire and it's spreading like wildfires, but let's wait for official confirmation when Argentina adopts Bitcoin.
It is good that President Alberto is positive towards Bitcoin, but I think there are a lot of forces inside Argentina that will be against Bitcoin, because they are sponsored by central banksters.

[dunfida]

South America catches Bitcoin fire and it's spreading like wildfires, but let's wait for official confirmation when Argentina adopts Bitcoin.
It is good that President Alberto is positive towards Bitcoin, but I think there are a lot of forces inside Argentina that will be against Bitcoin, because they are sponsored by central banksters.

Negative forces would always be there and it isnt something new because we know that we cant really please everyone. Any news of adoption is always been a good thing and hopefully that this would open the eyes

of other countries about accepting or adopting bitcoin rather than on banning or prohibiting it.For sure there are still lots of countries which are still on neutral side where they do still tend to observe on what would

gonna happen or whats the other countries taking about it and might able to act out if they would really be seeing some good things that will give out on adopting it.

[Viscore]

South America catches Bitcoin fire and it's spreading like wildfires, but let's wait for official confirmation when Argentina adopts Bitcoin.
It is good that President Alberto is positive towards Bitcoin, but I think there are a lot of forces inside Argentina that will be against Bitcoin, because they are sponsored by central banksters.

The final decision still relies with the last say of the President. The good thing about this is the leader of Argentina is very positive that bitcoin can make a great difference in their country. And yes it is. The price inflation will now be gone once bitcoin will be adopted legally as a currency in their country.

I think El Salvador has made a great impact to other neighboring countries or even to those who are far from it. Honestly, i also don't see valid reasons why such countries don't want to accept bitcoin knowing it can be beneficial in regaining the strength of their economy after what pandemic has did.

[Myleschetty]

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.

[CaVO32]

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.

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.

[TelolettOm]

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.

[verita1]

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

[kryptqnick]

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.

[dupee419]

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.

[Woodie]

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 .

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.

[Desmong]

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.

[Haunebu]

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.

[Fredomago]

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.

And now more people realize that those bad publicities are not true, they are nowhere and investing with enjoyable outcomes.

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.

[tabas]

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.

[molsewid]

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.

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.

[bryant.coleman]

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.

[mrongos]

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. .

[electronicash]

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.