{"id":3592,"date":"2024-01-02T08:01:02","date_gmt":"2024-01-02T08:01:02","guid":{"rendered":"https:\/\/ethereumcode.io\/vitalik-buterin-praises-argentina-brazil-banks-explore-microsoft-cbdc-solution\/"},"modified":"2024-01-02T08:01:02","modified_gmt":"2024-01-02T08:01:02","slug":"vitalik-buterin-praises-argentina-brazil-banks-explore-microsoft-cbdc-solution","status":"publish","type":"post","link":"https:\/\/ethereumcode.io\/vitalik-buterin-praises-argentina-brazil-banks-explore-microsoft-cbdc-solution\/","title":{"rendered":"Insider News: Vitalik Buterin Lauds Argentina While Brazilian Banks Explore Microsoft’s CBDC Privacy Solution"},"content":{"rendered":"
Get ready for a compelling synthesis of notable crypto-economic events transpiring in Latin America. This chronicles inclusive commendations by Ethereum’s co-founder towards Argentina’s new approaches, Brazil’s adoption of a privacy facet for their digital real, pioneered by Microsoft and how a group of Cuban citizens are being educated on Bitcoin.<\/p>\n
Vitalik Buterin, one of the architects of Ethereum, expressed admiration for the recent changes administered by Javier Milei, President of Argentina. Despite the mixed opinions on Milei’s libertarian bend and quick actions, Buterin emphasizes the importance of economics, a subject that he feels is being neglected by U.S politicians, in Milei’s agenda.<\/p>\n
Buterin, who now prefers to spend his holiday season in Argentina, commented:<\/p>\n
\nMilei has a distinctive personality and political style, earning him global recognition. He may appear erratic initially, but his profound understanding of economic and monetary policies comes to light over time.<\/p>\n<\/blockquote>\n
In his brief presidency of only three weeks, Milei has displayed a clear libertarian orientation, implementing bold legislation to decrease the reach and impact of the government. Despite legal contention over his first emergency measure, aimed at rebuilding the Argentine economy, Milei is adamant about his vision. Further to this, he recently introduced an “Omnibus” law seeking legislative control to pass executive orders and regulate previously unacknowledged digital assets.<\/p>\n
Arc Towards Secured Privacy: Brazilian Banks Experiment with Microsoft’s Solution for Digital Real<\/h2>\n
The Brazilian Bank Association (ABBC) declared its initiation of more than 120 transactions with the collaboration of the Brazilian digital currency, otherwise known as the Central Bank Digital Currency (CBDC). As a surprise inclusion, ABBC also revealed Microsoft’s privacy tool in their digital real’s infrastructure, an unconventional choice over the stipulated three privacy tools (Zether, Starlight, and Parchain).<\/p>\n
Euricion Murari Soares de Pinho, ABBC\u2019s director of innovation and services, noted:<\/p>\n
\nMicrosoft, being a part of our consortium and developing confidential computing work, allowed our node to be born with confidentiality. Our entire node was built within this infrastructure.<\/p>\n<\/blockquote>\n
Mi Primer Bitcoin’s Influence: Educating Cuban Youths on Bitcoin<\/h2>\n
Going by the name Mi Primer Bitcoin, an organization popular for propagating Bitcoin proficiency in El Salvador, recently revealed that 21 Cuban individuals, aged between 14 and 18 years mastered the basic transactional knowledge of Bitcoin. This success follows their previously reported 19 students, therefore adding up to a total of 40 graduates fully equipped with Bitcoin knowledge. The organization disclosed this as an outcome of their expansion intentions announced in September, in partnership with the government of El Salvador.<\/p>\n
How Our Ethereum Code<\/a> Solution Can Support Such Developments<\/h2>\n