Argentina’s former president considers Ethereum one of the most innovative technologies

Mauricio Macri reported on a meeting with Vitalik Buterin to discuss cryptocurrencies and the role of blockchain technology for governments

20.12.2021 - 10:15

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What’s new? Mauricio Macri, the former president of Argentina, announced a meeting with the Ethereum co-founder Vitalik Buterin. They met during an event organized by The Graph in Buenos Aires to mark the first anniversary of the protocol's launch on the mainnet.

Encuentro fascinante con Vitalik Buterin, creador de Ethereum, una de las tecnologías descentralizadas más innovadoras de nuestro siglo. Su moneda Ether es una de las mejor valuadas del mundo. Charlamos sobre el rol de las crypto y las oportunidades de blockchain para los estados pic.twitter.com/WRR8qaUma3— Mauricio Macri (@mauriciomacri) December 18, 2021

What does the former president say? Macri noted that much of their conversation was focused on the role that cryptocurrencies and blockchain technology can play for governments.

“Fascinating encounter with Vitalik Buterin, creator of Ethereum, one of the most innovative decentralized technologies of our century. His currency is one of the best valued in the world. We chat about the role of crypto and blockchain opportunities for states.”

What is the situation with digital assets in the country? According to Chainalysis, Argentina is among the nine countries with the highest level of cryptocurrency adoption. The state continues to struggle with the rising inflation, according to Bloomberg, its level in the country increases by around 50% every year.

The Argentine authorities plan to allow cryptocurrency futures trading on its regulated exchanges. Currently, cryptocurrencies are legal in the country, but still do not have clear rules related to the issuance, exchange, and general use.

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