We wanted to promote Bitcoin in Argentina, but Fiasco de Libra stopped us

During a conference in BTC Prague, one of the most influential Bitcoin (BTC) events in Europe that began its third annual edition today, the specialist Samson Mow said that there are always political difficulties when they try to advance in the national adoption of the countries.

Mow, who runs Jan3, a company focused on accelerating hyperbitcoinization, revealed that they wanted to advance in Argentina. However, after the Fiasco de Libra, the Token of a project released by President Javier Milei subsequently accused of fraud, explained that they decided to step back.

In the presentation, which was covered by a cryptootic correspondent, Mow also said that they met with the president of Colombia, although there were also obstacles to advance in the adoption of Bitcoin in the country.

On the other hand, he stressed that the head of the Central Checo Bank, Aleš Michl, wants to adopt Bitcoin as a strategic national reserve asset.

The comments took place during a talk called “Geopolitical Games Theory”, in which Anna Strab, CEO of Confirmo, Allen Helm, Bitcoin for Corporations Business Development Director, and Jack Lee, HCM Capital manager partner. This was directed by Alex Pilar, director of Inowatti.

Strav added that Bitcoin is in a transition phase in which he is becoming too large for governments to ignore him. However, he pointed out that in the countries where they operate, they see a difference in government approach.

In the Middle East, they understand Bitcoin as a business opportunity. In Europe, they perceive it as a regulatory headache. In his opinion, it is a pity that with the regulations that enter into force in Europe, many companies will leave towards the Middle East and the United States. Strab maintains that it is obvious that they do not have an approach that defends companies.

ANDn the case of the United States, they understood Bitcoin as a Hedge GeopoliticalHighlights Strab. In fact, not only to this digital currency, but also to the stablecoins understanding that they can use them to expand the domination of the dollar in the world, he clarified.

This same week, the United States Senate approved the bill called Genius, which seeks to regulate the stablecoins that follow the same price as the dollar (USD) and promote its global adoption.

The regulatory initiative, which now went on to evaluate the House of Representatives and President Donald Trump hopes to sign “as soon as possible”, aims to strengthen the hegemony of the US currency as the main FÍAT currency of value reserve.

Mow stressed that each central bank has a different approach to Bitcoin. Some focus on favoring the government, while others in monetary policy.

«If I directed a central bank, I would seek to favor people. At this point you cannot make any relaunch of a Fíat currency, at least not one that works. ”Mow said.

Helm indicated that All companies that are buying Bitcoin are sending a message to central banks that there is a lot of money wanting to enter the market.

He also considered that the stablecoins have been complementary to the regulations that are currently happening. With them, they are looking for a way to boost the US dollar at the same time as Bitcoin.

All speakers agreed on the importance and current need of the stablcoins. They considered it a bridge to adopt Bitcoina means for hyperbitcoinization, as well as a need for people in developing countries.