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Argentina Making Moves. 🇦🇷
501 sats \ 26 comments \ @bitties 28 May bitcoin
ARGENTINA MAKING MOVES 🇦🇷
Argentina and El Salvador Engage in BTC Adoption Talks.
https://m.stacker.news/32989
The government of Argentina is working with El Salvador to learn from its experience adopting Bitcoin.
According to an official report from the National Securities Commission of Argentina (CNV), regulators met with El Salvador to discuss how the government regulates BTC.
https://m.stacker.news/32991
El Salvador’s CNAD president Juan Carlos Reyes (left) and Argentina’s CNV president Roberto Silva (right)
Back in 2021, El Salvador was the first country in the world to make Bitcoin legal tender.
And now it’s looking like Argentina may follow in their footsteps.
Roberto E. Silva, President of the CNV, had this say:
“El Salvador has emerged as one of the leading countries, not only in the use of Bitcoin but also has distinguished itself in the world of crypto-assets. It has created a specific commission, the National Digital Assets Commission (CNAD), and therefore has experience that is very valuable for the CNV at this time."
Roberto E. Silva - CNV President Patricia Boedo, Vice President of the CNV backed these claims up with the following:
“I had the opportunity to exchange experiences during the visit to that country, and it seems essential to me to continue strengthening ties with a Republic that is a pioneer in the subject, and that has vast experience in the subject.”
Patricia Boedo - CNV Vice President Will Argentina be the next country to make Bitcoin legal tender?
Possibly…
Back in late 2023, Bitcoin-friendly politician Javier Milei won Argentina’s presidential election.
https://m.stacker.news/32990
And Argentina’s economy has been suffering with out of control inflation for a number of years.
Bitcoin may be the saving grace they need.
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210 sats \ 14 replies \ @DarthCoin 28 May freebie
Back in 2021, El Salvador was the first country in the world to make Bitcoin legal tender.
In fact Bitcoin CANNOT be "legal tender". (here is a short explanation) Read more what really is legal tender and what really says that El Salvador paper about Bitcoin.
Bitcoin adoption is made by individuals not by countries. Bitcoin is for individuals, not for countries or governments.
https://i.postimg.cc/XqjKHdcp/Darth-sovereign-logo.gif
All this "cooperation" between Argentina and El Salvador is a total bullshit.
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123 sats \ 13 replies \ @bitties OP 28 May
I’m gonna take your word for it.
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0 sats \ 12 replies \ @DiedOnTitan 29 May
What countries (people in government) can do to spur Bitcoin adoption among it's population would be to provide legal clarity and investment with several policies:
  • Guarantee legal rights for transacting with Bitcoin and for sovereign ownership of Bitcoin keys.
  • Provide clear guidelines for businesses and government to accept Bitcoin as a method of payment, for exchanges to operate and financial institutions to work with Bitcoin.
  • Provide tax incentives to utilities and investors to implement Bitcoin mining to secure the grid and to explore previously unprofitable energy resources leveraging mining infrastructure.
  • Invest in startup incubators, provide grants, and create subsidies to develop Bitcoin technologies: layer 2s (e.g. Lightning), FOSS non-custodial wallets, apps, blockchain expertise.
  • Provide tax incentives for transacting with Bitcoin under certain circumstances.
  • Public awareness and education: Teach children the importance of sound money and the technology of Bitcoin.
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20 sats \ 11 replies \ @DarthCoin 29 May freebie
LOL can you explain the term "legal rights" ? WTF is that?
wow statism is at high levels nowadays...
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0 sats \ 8 replies \ @DiedOnTitan 29 May
There are other forms of "legal rights": Constitutional Rights, Civil Rights, Property Rights, Contractual Rights, Human Rights. These are enforceable by the law of the land.
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20 sats \ 7 replies \ @DarthCoin 29 May
No. Anything preceeding to the word right is not a right. Is a privilege.
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0 sats \ 6 replies \ @DiedOnTitan 29 May freebie
Slavery is a privilege for the slave-owner. But it is not a privilege for the slave. Should a freed slave consider freedom a "privilege" or a "right"? I'll wait...
0 sats \ 1 reply \ @DiedOnTitan 29 May
Here is an example of a legal right: An employer in America cannot fire you because of the color of your skin or your religion or your gender. People have "legal rights" and other protections.
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20 sats \ 0 replies \ @DarthCoin 29 May
No, that is not a "right". It's a privilege, a contract rule.
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20 sats \ 5 replies \ @didiplaywell 28 May
It already IS the saving grace (for the ones that understand it). There's no need for the state to do anything to adopt bitcoin here, otherwise than promote it. But it's already as usable as it could be.
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10 sats \ 4 replies \ @bitties OP 28 May
Care to make a post about the integration?
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10 sats \ 2 replies \ @didiplaywell 28 May
Just kidding, of course :) What would be some key-points for you?
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10 sats \ 1 reply \ @bitties OP 28 May
Just write some of your experiences. I think that would be best. Maybe some pics of the shops.
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10 sats \ 0 replies \ @didiplaywell 28 May
Ok! Give me some time and will be posting about it :)
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0 sats \ 0 replies \ @didiplaywell 28 May
no
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20 sats \ 1 reply \ @riberet19 28 May
We'll see how Argentina does it.
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20 sats \ 0 replies \ @didiplaywell 28 May
We have been on this for 4 years now. The most the state can do is to make it "official"
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20 sats \ 0 replies \ @beorange 28 May
Good, its citizens deserve sound money
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20 sats \ 0 replies \ @kilianbuhn 28 May
Progress is inevitable ,🌪️
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20 sats \ 0 replies \ @wilto 28 May
Good for them
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