BusinessPostCorner.com
No Result
View All Result
Thursday, June 19, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Argentine Politician Tells Rival: Bin USD for BTC

July 13, 2023
in Crypto News
Reading Time: 3 mins read
A A
0
Argentine Politician Tells Rival: Bin USD for BTC
ShareShareShareShareShare
Source: luzitanija/Adobe

A prominent Argentine lawyer has told a leading presidential candidate to bin his dollarization plans in favor of a Bitcoin (BTC) adoption drive.

The comments were directed at Javier Milei, a right-wing political leader who has been described as a populist by some commentators.

Milei has previously spoken out in favor of Bitcoin, and was last year embroiled in a crypto-related controversy.

But one of Milei’s most notable manifesto pledges includes a two-and-a-half-year plan to dollarize the Argentine economy, which has been devastated by years of hyperinflation.

Milei is not the only politician in the nation to call for dollarization, but has arguably become the most vociferous advocate of USD adoption.

And his plan has drawn the ire of Carlos Maslatón, a notable lawyer-turned-politician and BTC advocate.

Maslatón wrote on Twitter that Milei’s dollarization plans were a “joke,” and explained:

“The dollar was and is imposed by force. It […] expands at the will of the North American state, without limit or criteria. The only voluntary currency in circulation is Bitcoin, which I have been talking to you about since 2013. But you could never understand [BTC], as you are pro-paper money.”

Maslatón hoped to run for president as part of the La Libertad Avanza alliance, but failed in his bid to win party approval.

Recent opinion polls have Milei with a support rate of around 18%, some 10% behind the front-running candidate Sergio Massa, Reuters reported.

Maslatón’s comments drew no shortage of replies, with one prominent observer commenting that Argentina should launch an “innovative” gold-back cryptoasset, and adding:

“Inflation belongs to a bygone era.”

Argentina Set for Fiat Versus Bitcoin Battle?

The lawyer was replying to USD-related comments from Milei, who had taken aim at the fiat peso.

Milei claimed that the peso’s status as legal tender “favors political [thieves].”

A growing number of Argentine politicians have spoken out in favor of BTC adoption of late, including Martin Tetaz, a lawmaker for the city of Buenos Aires.

In May, Tetaz suggested that citizens keep their savings in BTC, rather than USD or pesos.

Buenos Aires has been attempting to secure a new IMF loan, a fact that appears to have driven the government to fast-track crypto regulations amid a fast rise in popular crypto adoption.


Credit: Source link

ShareTweetSendPinShare
Previous Post

Generative AI Will Shape The Future Of IT. Here’s Why.

Next Post

Elon Musk isn’t shying away from AI anymore

Next Post
Elon Musk isn’t shying away from AI anymore

Elon Musk isn’t shying away from AI anymore

UK inflation remains highest for more than a year

UK inflation remains highest for more than a year

June 18, 2025
US Senate Passes First Major Stablecoin Regulation Bill — Here’s What Happens Next

US Senate Passes First Major Stablecoin Regulation Bill — Here’s What Happens Next

June 18, 2025
Amazon boss says AI will mean fewer ‘corporate’ jobs

Amazon boss says AI will mean fewer ‘corporate’ jobs

June 17, 2025
One Big Beautiful Bill full of impactful tax provisions

One Big Beautiful Bill full of impactful tax provisions

June 16, 2025
XRP Price Prediction: Canada Approves First Spot XRP ETF – ,000 XRP Coming?

XRP Price Prediction: Canada Approves First Spot XRP ETF – $1,000 XRP Coming?

June 17, 2025
Oil industry gets B tax tweak in GOP’s Senate bill

Oil industry gets $1B tax tweak in GOP’s Senate bill

June 17, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Bitcoin Price Prediction: Ancient Wallets Hoard More BTC Than Miners Can Replace – Supply Shock Coming?

Bitcoin Price Prediction: Ancient Wallets Hoard More BTC Than Miners Can Replace – Supply Shock Coming?

June 19, 2025
Alex Cooper, Barbara Walters documentaries show struggles for women in media

Alex Cooper, Barbara Walters documentaries show struggles for women in media

June 19, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!