CBDC vs US Dollar: Will Argentina Adopt a CBDC or Dissolve their Central Bank in Favour of the US Dollar?
On October 22, Argentinians will cast their votes to select their new president. One prominent candidate, Sergio Massa, who currently serves as the Minister of the Economy, has proposed introducing a central bank digital currency (CBDC) if elected. Massa is contesting under the banner of the Union for the Homeland (Unión por la Patria). Argentina’s […]
Latin American countries have been making steady progress towards CBDCs. According to a report by the International Monetary Fund (IMF), the majority of central banks in the region are currently evaluating CBDCs. While most of the research and development is still in the early stages, a few nations have made significant strides towards the launch […]
Source: Bitcoin.com San Luis, a province of Argentina, has approved a bill allowing it to issue a blockchain-based, dollar-pegged stablecoin. The bill, which also approves the issuance of local artistic assets as NFTs (non-fungible tokens) seeks to enable the promotion of social development, and economic, cultural, and financial inclusion using blockchain. San Luis Approves Blockchain […]