The president highlights that cryptocurrencies are breaking the historical monopoly on money.
“Central banks are the worst scam in history,” Milei insisted.
The president of Argentina, Javier Milei, made a comment today, November 12, about cryptocurrencies during a speech he gave at a technology industry event.
The president said that a historical monopoly that technology is breaking is that of currency. “Because the individuals of the world are tired of the seigniorage imposed at the hands of the bureaucrats on duty and are beginning to use means of exchange autonomous from the central power, but still reliable, such as cryptocurrencies,” he deepened.
Given this, Milei highlighted the importance of governments not getting involved in this development. “Do not let the States take charge and carry out cryptocurrencies,” he expressed.. In this sense, he implied that he is against digital currencies issued by central banks (CBDC, according to its acronym in English).
“States must stay out of it; They have already appropriated the paper money and they are scamming us with the biggest scam in the history of humanity, which is the central banks,” he exclaimed.
In fact, in relation to this, the president has anticipated this year that he plans to present a bill in Argentina to classify the issuance of the Central Bank to finance the fiscal deficit as a crime. One reason behind this is, as CriptoNoticias reported, that such monetary policy generates inflation, impoverishing citizens.
“Go for cryptocurrencies, but don’t allow the State to put its hand there because from there they are going to turn us into slaves,” Milei added in the speech. “Be very careful with that issue,” he warned, finalizing the idea.
The comment took place during a presentation he gave at Meta Day Argentinaan event that provided technological training to SMEs and entrepreneurs. The event was organized, as its name suggests, by Meta, the company that owns Facebook, Instagram and WhatsApp.
Milei celebrates that technology is breaking historical monopolies
These words from Milei were part of an example he gave about how the Internet and the democratization of knowledge allow historical monopolies to be broken. Among them, He not only mentioned the central banks’ currency monopoly in the face of the creation of crypto assets such as bitcoin (BTC), but also others.
It also included the monopoly of truth, since previously information depended on a few who controlled it. “Today, any person with a cell phone is the bearer of a public voice, which can be published ad infinitum, and is also the bearer of an immense collective memory archive,” he commented on the matter.
“This makes it easier to unravel the perverse lies of those who, until a few years ago, were the only authorized voice, supported by state guidelines,” Milei added.
In addition, added to the fiscal monopoly that is being broken by the possibility of paying taxes in a geographical location different from where one is. “To give an example, an Argentine citizen can decide to pay taxes in the United States, Paraguay, Uruguay without any problem, escaping the kleptomaniac jaws of an Insatiable State,” he indicated.
“Ultimately, technology is an ally for citizens in their daily search for freedom,” Milei concluded in the speech. “It helps us to be more master of our time and the fruit of our work,” he concluded.
