Bank

2024

Bitcoin

<ul>
 <li aria-level="1">Ramiro Marra praises Bitcoin for providing financial independence, free from state manipulation and governmental control over funds.</li>
 <li aria-level="1">Proposes monetary reforms including the elimination of Argentina’s Central Bank, advocating for a free currency competition system.</li>
</ul>
Ramiro Marra, an economic advisor to Argentina’s President Javier Milei, recently expressed support for Bitcoin (BTC) as a tool for financial independence. 
Marra, also a Buenos Aires City Deputy for the La Libertad Avanza (LLA) party, highlighted Bitcoin’s utility in a social media post, describing it as a safeguard against state manipulation of financial resources.
<blockquote>
 Marra stated: “Bitcoin transcends its role as merely an investment; it represents financial freedom and protection against governmental interference.”&nbsp;
</blockquote>
This definition positions Bitcoin not just as a crypto asset, but as a means of asserting <a href="https://www.ethnews.com/argentina-advances-in-regulation-a-new-framework-for-crypto-exchanges/" rel="noopener noreferrer nofollow">financial autonomy</a> in the face of potential state overreach.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Bitcoin es más que una inversión: es libertad financiera y una forma de proteger nuestro dinero de la manipulación estatal.
 En un mundo donde el poder político siempre intenta intervenir, <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> es la moneda de los que valoran la independencia. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f310.png" alt="🌐" class="wp-smiley" style="height: 1em; max-height: 1em;">
 RT y like si bancas
 — Ramiro Marra (@RAMIROMARRA) <a href="https://twitter.com/RAMIROMARRA/status/1853592575888052413?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 5, 2024</a>
</blockquote>
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His commentary aligns with a broader narrative that supports the decentralization of financial power from traditional state-controlled systems. Marra’s political platform, shared by President Milei, advocates for substantial monetary reform in Argentina.&nbsp;
<blockquote>
 “If we dollarize, in my case I will choose to have assets that give me profitability, for example bitcoin, because that is what dollarization allows, so that you can do whatever you want with your money.”
</blockquote>
This includes proposing the abolition of the Central Bank of the Republic of Argentina (BCRA) and introducing a system where currencies, including digital assets like Bitcoin, compete freely without governmental restraint.
The proposed reforms suggest a model where both fiat and digital currencies could be used interchangeably for transactions if agreed upon by trading parties. 
This approach would significantly alter Argentina’s financial market, reducing governmental control over economic transactions and fostering a market-driven currency system.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Celebro el nuevo ATH de Bitcoin, no solo por cuestiones financieras, sino principalmente porque cualquier opción que le saque a un gobierno nacional el control de la moneda, es bueno para una sociedad <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f64f-1f3fc.png" alt="🙏🏼" class="wp-smiley" style="height: 1em; max-height: 1em;">
 El futuro de la sociedad es tecnológico, criptográfico y digital.
 — Ramiro Marra (@RAMIROMARRA) <a href="https://twitter.com/RAMIROMARRA/status/1450835014099288065?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 20, 2021</a>
</blockquote>
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Marra has consistently advocated for the integration of cryptocurrencies into the economy to enhance transaction efficiency and ensure greater financial transparency. In 2021, he welcomed Bitcoin’s market performance as a positive shift towards reducing governmental dominance over financial systems.
His support underscores a broader movement towards <a href="https://www.ethnews.com/charles-hoskinson-applauds-argentinas-unsung-heroes-in-bitcoins-history/" rel="noopener noreferrer nofollow">embracing technology-crypto financial</a> solutions that enhance user autonomy and market efficiency.
President Milei has also shown favor towards Bitcoin, although he has not explicitly identified as a proponent of the cryptocurrency. 
These developments indicate a potential shift towards more open <a href="https://www.ethnews.com/argentina-explores-regulatory-sandbox-for-rwa-tokenization-aiming-for-operational-start-by-late-2024-or-early-2025/" rel="noopener noreferrer nofollow">financial systems in Argentina</a>, where digital assets like Bitcoin could play a central role in shaping future economic policies.
The post <a href="https://www.ethnews.com/president-mileis-administration-considers-integrating-digital-currencies-to-foster-economic-innovation-despite-not-being-a-bitcoin-advocate/" rel="noopener noreferrer nofollow">President Milei’s Administration Considers Integrating Digital Currencies To Foster Economic Innovation, Despite Not Being A Bitcoin Advocate.</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.

President Milei’s Administration Considers Integrating Digital Currencies To Foster Economic Innovation, Despite Not Being A Bitcoin Advocat...

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