In a webinar organized by the Argentine Fintech Chamber, Miguel Pesce pointed out that there is intense discussion in the Financial Stability Board (FSB) about the possibility that central banks could issue a virtual currency, but categorically ruled out that this would be applicable in Argentina.
Miguel Pesce is “unnecessary” for the BCRA to embark on such a project, as the country has sufficient payment infrastructure with bank accounts and virtual accounts. Strong support for interaction and competition between banks and fintechs.
In a context in which various central banks around the world are analyzing the issuance of virtual currencies as a correlate of the proliferation of cryptocurrencies, the president of the Argentine Central Bank, Miguel Pesce, ruled out this possibility for the country as “unnecessary” given the characteristics of the Argentine financial system.
