Experts See Upsides for Crypto Regulation in Milei’s Election

Javier Milei, inaugurated as Argentina’s president, should prevent the approval of the “draconian measures” by the FATF. Such hopes were voiced by the chairman of Bitcoin Argentina, Camilo Horachuria, writes Cryptonoticias.

The head of the NGO Bitcoin Argentina urged Milei to respect citizens’ privacy.

During the inauguration, the president pledged to dissolve the central bank, but did not commit to endorsing legislation in the realm of digital assets.

The outlet noted that the local community expects Milei to fulfil some of his most radical promises and to bring the country to the same level achieved by Nayib Bukele in El Salvador.

The president of Argentina is a proponent of Bitcoin, and for his conduct he is often compared to Donald Trump.

In Bitcoin, Milei sees a return of money to its original creator—the private sector. At the same time the politician has not stated an intention to adopt Bitcoin as a means of payment.

In 2023, the Central Bank of Argentina proposed new guidelines that could make life harder for companies involved with digital assets.

ForkLog examined the new leader’s views and shared experts’ opinions on his potential impact on the crypto industry.