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The Argentine presidential candidate expressed concerns about the proposal from the Minister of Economy to establish a CBDC, fearing it could bring more economic issues to the country.
"Argentina's current Minister of Economy, Sergio Massa, believes that a CBDC can help address the country's extremely high inflation issues and has expressed a desire to establish a CBDC. In addition, Massa rejects the idea of using the US dollar as an alternative to the peso.
On the other hand, Manuel Ferrari, the presidential candidate in Argentina, is concerned that the design of the CBDC could bring more economic problems to the country. Ferrari believes that Massa's reasoning is solely based on generating tax revenue and ignores the fact that 50% of Argentina's economy is based on cash transactions and the informal sector. However, he also acknowledges that this idea may have a positive aspect, as it can help prevent corruption." |
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