In that senseemphasized the need to protect investors “without killing innovation”and stressed that the regulations proposed by the ruling party are “very similar” to a law that Spain implemented, a country of which he assured that “it will provide cooperation” throughout the adaptation process. He also stressed that the proposal “It is a mirror of a bill that is in the Chamber of Deputiesand is part of an International Financial Action Task Force (FATF) request against money laundering.”
Negri justified the need to advance withn regulation with the example of misleading advertising in the case of Bitcoin. “With the rise of Bitcoin, they promised people that the profitability of the previous year was going to be repeated for those who entered now, that is false advertising. You can’t promise guaranteed profits,” he explained.
bitcoin-cryptocurrencies.jpg
freepik.com
The author of the billthe senator of the Frente de Todos Guillermo Andrada made a diagnosis on the transformations introduced by the internet and the digital world in financial transactions, and within this framework noted that “the pandemic has been an accelerator of thisalthough he warned that “There is more and more fraud and more crimes.”
The catamarcan clarified that the bill “does not attempt to regulate the market or financial products.” The official argued that “since there is no strong enough financial education in the country” the National Securities Commission (CNV) should be empowered and provide you with “all the necessary tools so that misleading advertising is avoided.”
Cordovan senator Carmen Álvarez Rivero (PRO) expressed her rejection of the project because, as he admitted, does not “like regulations”. “What people want is to protect their assets, and In Argentina we have inflation that eats up our salary. If we want to protect the investor, I think we have to do something against inflation,” express.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
