Could Argentina include Bitcoin as legal tender?
Roberto Silva, chairman of Argentina’s National Securities Commission (CNV), and El Salvador’s equivalent of the Digital Asset Agency (CNAD), held a formal meeting last week to discuss how the country can adopt cryptocurrencies (criptomonedas) as legal tender. detail.
The Central American country El Salvador is the first country in the world to adopt Bitcoin (BTC) as its national legal currency and currency reserve asset in 2021. From the original severe losses to substantial profits, it has become a developing country. legend.
This meeting is coupled with President Javier Milei’s fourth trip to the United States. In addition to visiting Meta (Facebook) founder and CEO Mark Zuckerberg in Shitani, there are also Tesla's Elon Musk and others will also go to El Salvador to attend the inauguration ceremony of re-elected President Nayib Bukele (June 1).
These signs have led the media to speculate that the Argentine government, which is now in deep economic crisis, also wants to adopt the same strategy and incorporate Bitcoin into national reserve assets to diversify the risk of the US dollar and increase the country’s fiscal returns, and experienced El Salvador can provide policy Develop help with asset escrow.
Now it plans to adopt Bitcoin as its reserve currency, hoping to use Bitcoin's value storage function to resist inflation and global inflation. Is it possible that Argentina will become the second country to include Bitcoin as a reserve currency?
Experts believe that integrating cryptocurrencies in Argentina could lead to a more stable and efficient financial system, ending its history of economic volatility and inflation. Additionally, they see it as a great way to attract foreign investment, stimulate technological innovation, and create new jobs in this booming industry.
