Latam Insights: Argentina Announces National Digital Currency While Peso Sinks, Volcano Energy Launches Lava Pool
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The Argentine government announces a national digital currency project, Volcano Energy launches Lava Pool, the first Salvadoran Bitcoin mining pool, and a resolution that allows investment funds to invest in cryptocurrency comes into effect in Brazil. Argentine Economy Minister Sergio Massa Announces National Digital Currency Sergio Massa, a presidential candidate and current economy minister of Argentina, proposed launching a national digital currency during the first debate before the presidential elections. As part of his campaign, Massa stated that this new digital currency would be issued alongside a tax reduction plan to move the Argentine economy to the formal sector. During the debate, Massa stated: We are going to launch the Argentine digital currency. Just as your children propose in their platform economy the possibility of trading wit