💸 Argentina Finance Minister: crypto adoption could reduce demand for the dollar

In a meeting in Beijing, Argentina’s Deputy Minister of Finance, Felix Martin Soto, claimed that the government should address crypto and blockchain tech as a way to promote Argentina’s financial inclusion and reduce state costs. Soto, who leads Argentina’s international financial relations, explained that half of the country’s population does not have bank accounts and operate cash transactions by converting their savings to United States dollars. Soto stated that he believes that promoting crypto industry in the country will help to reduce its demand for USD, which will eventually contribute to stabilizing the local market and attracting global investment.

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