Sergio Massa met the main figures of the crypto world this Wednesday. The idea of the Minister of Economy was to explore this type of digital investment that today they defy the regulations of the world’s central banks and pay no taxes. but the meeting accidentally coincided with the crisis which has been shaking the market since the collapse of FTX, the second largest exchange platform after Binance.
The official received several data on the cryptocurrency since 14:00, inclusive Vitalik Buterin programmer, creator of Ethereum (ETH), which in December last year dazzled the former Minister of Economy, Martín Guzmán, in the Palacio de Hacienda. On that occasion, the young Russian proposed to him to do it create the conditions for attracting investments through the legalization of cryptocurrencies and the payment of taxes with these tools.
Massa asked Carlos Maslatón to organize the meeting, a liberal lawyer who is now a stranger to Javier Milei and with whom he served in the UCEDé (Unión de Centro Democrático) in the 1980s. Cryptocurrency leaders are in Buenos Aires to attend the Latin American Bitcoin & Blockchain (Labitconf) conference to be held November 10-12 in Costa Salguero, where Maslatón will hold a conference on Friday 11.
The conclave took place in a turbulent scenario, where bitcoin continued to plummet this Wednesday and its price was close to US $ 17,000, a drop of nearly 16% in the past 24 hours. But, while it’s the most important, it’s not the only crypto asset that loses value. Analysts are watching with particular attention what happens to FTT, the cryptocurrency of the FTX exchange, which has fallen by almost 77%, harassed by the massive withdrawals from its users.
At 16:00 Massa will receive Felipe González, the former Spanish president who is in Argentina holding conferences, summoned by the businessmen of the G6. It will be an opportunity for plumb the stabilization manual that the former socialist leader implemented during the Moncloa Pacts in the late 1970s, a series of agreements that included economically fuel increases and a devaluation, among other measures.
The meeting will take place at a time when the minister intends to launch a plan to stabilize inflation through new price controls and contain the loss of reserves through increased import restrictions. In Massa’s team, they do not rule out that inflation reflects some rebounds in October, but they are betting on a sharp decline in 2023 and believe that the latest exchange rate measures will serve to stop the trickle of exchange rates.
In a scenario of strong political polarization and tensions within the ruling party and the opposition, González’s visit generated expectations across the political spectrum. “Stop screaming and accept,” the former president said yesterday before a hearing with businessmen, trade unionists, religious leaders, court judges and several ministers. González also met with the head of the Buenos Aires government, Horacio Rodríguez Larreta.
Source: Clarin
