Quite recently, there have been too many news circulations regarding cryptocurrencies all across the Argentinean business platforms. With so much going on in the cryptocurrency world, a lot of crypto-enthusiastic groups and individuals from Argentina are approaching the Argentinean Government.
There have been several requests and bills proposed by individuals focused on one single thing. The main ask in the bills received are to legalize the cryptocurrency industry in Argentina. The people are now requesting to legalize the trades of crypto-assets in the country.
Furthermore, there have been several requests for the Argentinean Government to introduce a Central Bank Digital Currency (CBDC). However, this time it seems that the Argentinean Parliament has heard the call of public and is now thinking for the welfare of their economy.
The Argentinean Government has announced that it will be calling out for a vote to see how many Parliamentarians are in favor of legalizing crypto-assets as well as launching Central Bank Digital Currency in the country.
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According to sources, Ignacio Torres is the mastermind behind the proposed bill related to the crypto-assets’ legalization and launch of CBDC. Ignacio Torres is an MP of the opposition coalition party of the currency Argentinean Government. The name of the opposition coalition party is ‘Juntospor el Cambio’.
As per Ignacio Torres, he has crafted the bill keeping in mind the view-points of the fintech industry bodies and professional business groups. He stated that although the bill’s stand-point is authentic and accurate, still it has one final hurdle to cross.
He stated that the bill has to be passed by the Financial Information Unit (FIU) in the next week’s voting who are the Argentinean regulators. Once the bill is passed by the FIU, then it will be passed onto the MPs in the lower house of Argentine and the Deputies’ Chamber for voting.
If the Financial Information Unit (FIU) approves the bill, then the decision will be down to the MPs and the Deputies at the Chamber. If all goes well, the crypto-assets industry will be legal to operate in Argentina.
