Bitcoin

The NGO Bitcoin Argentina has set a position on bills to regulate crypto assets

Recently, Cointelegraph en Español reported that the Argentine MP Ignacio Torres of the opposition front “Together for Change” is working on a bill on cryptocurrencies to be presented in the Chamber of Deputies of the Argentine nation. Before this initiative officially reaches the lower house, the official “Frente de Todos” has officially presented another project that also deals with crypto and blockchain problems. In this scenario, the DECODES Civil Association – NGO Bitcoin Argentina has clarified its position through a statement that Cointelegraph accesses in Spanish.

“In view of the circulated draft law regulating crypto-assets (…) the NGO Bitcoin Argentina, the pioneering institution in the region that has been defending Bitcoin technology and thus also cryptocurrencies and developments in blockchain and distributed networks since 2013, Believes it is important to note that it was not part of them or consulted on this and shows that they do not share their vision and believes that they must emerge from a mature process of participation and dialogue between all participants, to achieve real consensus of the ecosystem and society as a whole”They said in a statement.

“”In order to achieve such an ambitious goal at the legal level, one must be aware of the multidisciplinary and complex nature of the task of covering all aspects of a technology This has revolutionized the way value is transferred and where it is almost impossible to establish jurisdictions and users. Understanding the fundamentals of distributed technologies, their specifics and differences in relation to other assets or currencies is also required in order to determine the applicability, scope and real impact of the standard, “they later added.

The NGO Bitcoin Argentina has set a position on bills to regulate crypto assets
The NGO Bitcoin Argentina has set a position on bills to regulate crypto assets

On the other hand, they noted that the project not only requires the participation of all actors involved, but also an “open, positive and original” attitude in order to create conditions that promote a healthy ecosystem while strengthening projects and utilizing human resources whose recognition is global .

“Although The NGO recognizes the value that legal certainty provides for the development of technological innovations. both in the financial area by creating a regulated and safe framework for the development of new projects and in other areas; This cannot and should not be done to create a significant and novel legal burden on the individual or service provider, or to limit the creation of truly disruptive projects due to unenforceable bureaucratic requirements”They remarked.

On the other hand, the NGOs also stated that they are open to debate on proposals that will encourage the adoption and application of this technology of enormous value and potential for any country. They also emphasized the importance of not criminalizing voluntary interactions between people, “promoting clear and conscious application limits of the complexity of this technology and not being freely and differently interpreted by the authorities”.

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