Misiones’ secretary of finance on July 15th published an official statement about enacting a law authorizing the stablecoin. The stablecoin will allow the province to create a new financing and transaction tool.
“The initiative once again puts our province at the forefront of technological innovation at the service of the community, with Misiones being the first province in the country to sanction a conceptual framework to develop these digital tools that are transforming finances and public and private management globally.” read the statement.
The project was approved by Misiones’ House of Representatives and is being studied by an interdisciplinary team that includes Adolfo Safrán, the province’s minister of finance.
“Misiones is the first province in the country to sanction a conceptual framework to develop these digital tools that are transforming finance and public and private management at a global level,” the statement said.
It is unclear whether Misiones will create its own blockchain or tap an existing network to support the stablecoin.
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The law seeks to implement blockchain technology “with the aim of digitizing information in a reliable, transparent, secure, traceable and, moreover, environmentally friendly way,” the statement said.
The approval of this new legislative tool is the basis of an innovative policy that will allow progress in the construction of a digital and more efficient missionary State and the economic recognition of the immense contribution that missionary biodiversity makes to counteract the effects of climate change.
