{"id":60858,"date":"2023-10-05T06:48:01","date_gmt":"2023-10-05T10:48:01","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=60858"},"modified":"2023-10-05T08:30:04","modified_gmt":"2023-10-05T12:30:04","slug":"argentine-central-banker-says-cbdc-will-boost-tax-collection","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/argentine-central-banker-says-cbdc-will-boost-tax-collection\/","title":{"rendered":"Argentine Central Banker Says\u00a0CBDC Will Boost Tax Collection"},"content":{"rendered":"\n

Juan Agust\u00edn D'Attellis Noguera openly supported Sergio Massa's advocacy for a central bank digital currency<\/a> as an economic remedy.<\/p>\n\n\n\n

\"Argentine<\/figure>\n\n\n\n

Juan Agust\u00edn D'Attellis Noguera, a director of Banco Central de la Rep\u00fablica Argentina, the country's central bank, supported the Minister of Economy Sergio Massa's advocacy of central bank digital currency (CBDC) as a solution for the national economy.<\/p>\n\n\n\n

Noguera stated on local television\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> that he believes the “digital peso” could assist in stabilizing the Argentine economy by 2024.<\/p>\n\n\n\n

According to the official, the most critical aspect of the CBDC is its traceability, which would aid in tax collection:<\/p>\n\n\n\n

\n

“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.”<\/p>\n<\/blockquote>\n\n\n\n

The CBDC will also help to solve the nation's monetary issue, as the unstable local currency, the Argentine peso, often competes with the United States dollar even as a payment method, according to Noguera.<\/p>\n\n\n\n

Noguera spoke very definitively about the digital peso, assuring that the CBDC would be introduced progressively<\/a>, coexisting with cash, and that paper fiat currency would be replaced entirely in the project's final phase.<\/p>\n\n\n\n

Massa, who is also a presidential candidate, declared on October 2 to “solve” Argentina's protracted inflation crisis if elected by instituting a CBDC.<\/p>\n\n\n\n

According to election polls, Massa trails Javier Milei, a pro-Bitcoin and anti-central bank candidate who wants Argentina to adopt the U.S. dollar as its official currency.<\/p>\n","protected":false},"excerpt":{"rendered":"

Juan Agust\u00edn D’Attellis Noguera openly supported Sergio Massa’s advocacy for a central bank digital currency as an economic remedy. Juan Agust\u00edn D’Attellis Noguera, a director of Banco Central de la Rep\u00fablica Argentina, the country’s central bank, supported the Minister of Economy Sergio Massa’s advocacy of central bank digital currency (CBDC) as a solution for the […]<\/p>\n","protected":false},"author":56,"featured_media":60879,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21,4161],"tags":[12094,1207,773,1502,4380],"class_list":["post-60858","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-cbdc","tag-adoption-2","tag-argentina","tag-cbdc","tag-regulation","tag-taxes"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/10\/cbdc.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/60858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=60858"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/60858\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/60879"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=60858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=60858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=60858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}