Argentina Central Bank director supports CBDC development
Juan Agustín D’Attellis Noguera, Director of the Argentina Central Bank, supports developing a local CBDC. The Minister of Economy, Sergio Massa, brought the initiative, aiming to create a CBDC to solve the country’s complex economic situation. D’Attellis Noguera said creating a local CBDC could help stabilize the Argentine economy. Noguera stated: “By having traceability of operations with a digital currency because it is not known who does them, but there is evidence that they were done, you broaden the tax base. This will allow you to raise more without having to raise taxes and even lower them.” You might also like: Worldcoin breaks an all-time high user record in Argentina Noguera said that the CBDC could help to improve the local monetary system. He added that the digital peso will be introduced gradually and coexist with cash, aiming to replace fiat currency. Massa, the current Minister of Economy and presidential candidate, said th...