The Argentine president, inaugurated on Dec. 10, has promised to disband the country’s central bank but hasn’t made any official commitment to introduce Bitcoin-friendly legislation.
After libertarian Javier Milei was sworn in as president of Argentina on Dec. 10, the local crypto
community is hoping he’ll keep some of his most radical promises and take the country to the same level of crypto adoption as his counterpart Nayib Bukele did in El Salvador.
On the day of his inauguration, Latin American outlet Cryptonoticias published “three requests to Milei from the Bitcoin
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community.” The vice president of the non-governmental organization Bitcoin Argentina, Camilo
Jorajuría, called for Milei to respect the privacy of his people and not introduce the “draconian measures” of the Financial Action Task Force (FATF).
The measure Jorajuría referred to is the FATF’s Travel Rule, which obliges virtual asset service providers to share information about the senders and recipients of virtual assets. The crypto lobbyist also pointed
to the example of El Salvador as a model way of adopting and regulating Bitcoin.
Adam Dubove, an Argentine crypto advocate and columnist, believes that the newly-inaugurated president should keep his promises of radical monetary reforms and “begin to dismantle”
the regulatory structure of the Banco Central de la República Argentina (BCRA), the country’s central bank.