Central Bank of Argentina to introduce 'digital peso' bill 'as soon as possible'

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Central Bank of Argentina to introduce 'digital peso' bill 'as soon as possible'
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It is not the first time D’Attellis has stepped in to defend the idea of CBDC. In early October, he expressed his belief that the “digital peso” could help stabilize the Argentine economy as soon as 2024.

After a series of remarks about the potential benefits of central bank digital currency for the national economy, the Central Bank of Argentina said it has accelerated its work on the legislation to implement the CBDC workflow in the country.

The official hailed Massa’s approach to CBDC and implicitly criticized the position of another presidential candidate, Bitcoin-friendly Javier Milei, who has been publicly proclaiming the “dollarization” of the Argentine economy.. In early October, he expressed his belief that the “digital peso” could help stabilize the Argentine economy as soon as 2024. In the official’s opinion, the key feature of the CBDC is its traceability, which would allow the government to collect taxes.

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