KANALCOIN NEWS – Miguel Pesce who is president of the Central Bank of Argentina (CBA) issued several rules regarding transactions in Bitcoin currency which will soon be implemented in the country.
In a press conference discussing digital finance, Miguel Pesce indirectly stated that all banks were under his auspices, in order to quickly find effective solutions for new investors in the cryptocurrency world.
Furthermore, Pesce’s goal regarding this is to warn new investors to be more careful in making financial deposits through crypto currencies, such as Bitcoin or BTC..
Regulations regarding the transactions of the cryptocurrency currency, Bitcoin have been made by the Central Bank of Argentina.
In a conference that took place at the Argentine Institute of Finance Executives (IAEF), Miguel Pesce as president of the Central Bank of Argentina will indirectly make a new policy regarding transactions in the cryptocurrency currency, Bitcoin.
According to a News.Bitcoin.com report published by Kanalcoin.com, Pesce has alluded to his concerns about transactions taking place on traditional exchange markets with the advent of Bitcoin.
According to Miguel Pesce, payment using Bitcoin is not a tool that can be used in financial transactions. This is because Bitcoin itself does not have financial support assets and there is no guarantee of the results that will be obtained.
However, Pesce still guarantees the scarcity that occurs by making the price at the highest level, so Bitcoin is a very prospective financial asset.
Cryptocurrency, Bitcoin is not effective on traditional exchange market.
Experts in the field of finance, provide the opinion that Bitcoin can be an attractive investment tool to use. Indirectly, these instruments are able to obtain large profits taken from investors.
Therefore, Pesce alluded to the unfavorable impact on exchanges on traditional markets, with the presence of payment systems derived from cryptocurrencies.
Pesce emphasized that the Argentine Central Bank will try to avoid the financial system, by mixing exchange transactions on traditional markets with cryptocurrencies.
“Bitcoin influences financial instruments as well as policy on the CBA,” said Piece.
Still according to a News.Bitcoin.com report, currently CBA has a priority in achieving goals on digitalization with payment systems. With this goal in mind, Pesce offers convenience in conducting digital transactions, namely with the presence of “Transferencias 3.0”.
Transferencias 3.0 is expected to increase the use of digital finance in Argentina.
So far, Argentina is listed as a country with a majority of the population, or around 90%, making transactions using the cash payment system. It is a challenge for banks in the country to improve the quality of service for users.
The presence of Bitcoin in the financial system in Argentina, on the one hand, is able to give a good influence to become an investment asset. On the other hand, the presence of Bitcoin, will have an effect on traditional markets that have been run.
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