In Argentina, the Central Bank (BCRA) and the National Securities Commission (CNV) recently decided to issue a statement to draw attention to the alleged risks and effects of crypto assets. Quantia Capital CEO Miguel Schweizer shared his vision on the matter with Cointelegraph.
The statement was published by the BCRA on their official website and states that crypto assets pose risks and challenges for their users, investors and the financial system as a whole.
“This BCRA statement does not add anything new to your position on Bitcoin and cryptocurrencies, it is a communication that was published a few years ago,” commented Miguel Schweizer.
“Given everything they list, I could say that there is still no regulatory framework in Argentina and that it is even riskier to save in pesos,” he later added.
On the other hand, the CEO of Quantia Capital made it clear: “Even in Bitcoin’s worst year, 2018, the Bitcoin year lost less purchasing power than the peso year, and the volatility was lower. Bitcoin had less volatility against the dollar than the Argentine peso against the dollar in this period. “
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