Argentina's New President, Javier Milei, and the Cryptocurrency Challenge
Date: 2023-12-11 Author: Dima Zakharov Categories: IN WORLD
In his role as Argentina's new president, Javier Milei is under scrutiny for his stance on cryptocurrency regulation. Bitcoin Argentina's Chairman, Camilo Horahuria, hopes Milei will avoid endorsing draconian measures proposed by the FATF. The non-governmental organization's leader urges Milei to respect the privacy of citizens.
During his inauguration, President Milei pledged to dissolve the central bank but did not commit to approving legislation on digital assets. Local expectations are high, with the community anticipating Milei's fulfillment of radical promises, similar to the achievements of Nayib Bukele in El Salvador.
Known for his support of Bitcoin, President Milei is often likened to Donald Trump for his assertive behavior. Milei sees the first cryptocurrency as a "return of money to its original creator — the private sector," yet he has not expressed intentions to establish Bitcoin as a legal tender.
In 2023, Argentina's Central Bank proposed new guiding principles that could complicate the operations of companies dealing with digital assets. ForkLog delves into the views of the new leader, sharing expert opinions on his potential influence on the crypto industry.
