Argentina Will Face Round-Off Elections With Crypto on the Agenda

The first round of presidential elections in Argentina established that Javier Milei, the libertarian candidate, and Sergio Massa, the current economy minister, will face a second round of elections that has crypto elements in it.

Although Milei has repeatedly proposed the abolition of Argentina's Central Bank and the adoption of the dollar as legal tender in the country as the main points of his hypothetical government, Massa recently discussed the creation of a national digital currency, which his government would use to reduce tax costs and limit tax avoidance by subjecting the Argentine economy to more formality.

Massa, who is leading the first round of elections, also added another element to consider: the possibility of using gas from Vaca Muerta, one of Argentina's most significant crude oil reserves, to mine bitcoin.

At a meeting with Argentinian cryptocurrency enthusiast Santiago Siri, Massa stated:

I like the Vaca Muerta proposal because it results in reduced carbon emissions. The country has all the symbolic capital Argentina will need in the years to come.

Colombia Moves Forward Creating Digital Peso

Ricardo Bonilla, Colombia's economy minister, recently revealed that his country is still working on creating a national central bank digital currency (CBDC), the digital peso. In a forum examining the future of banking, Bonilla urged Colombians to forget about cash, as well as imposing fees on cryptocurrencies, stressing that this is not “the best way for clear and transparent transactions.”

Bonilla clarified that the development of the digital peso is being examined by the Central Bank of Colombia, Superfinanciera (the national stock and finance regulator), the economy ministry, and Congress. He added that central banks would be the issuers of any CBDC.

source : Sergio Goshchenko