Argentina Plans to Introduce Deregulation Bill Allowing Mutual Funds to Invest in Bitcoin and Cryptocurrencies
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Argentina Plans to Introduce Deregulation Bill Allowing Mutual Funds to Invest in Bitcoin and Cryptocurrencies
According to CryptoNoticias, the Argentine government is preparing a deregulation bill spearheaded by Economic Minister Federico Sturzenegger. Key provisions include: allowing common funds (FCI) to allocate assets into cryptocurrency, and permitting virtual assets to serve as collateral for loans in regulated markets. Regarding regulatory responsibilities, the National Securities Commission (CNV) will be responsible for reviewing legality and technical solvency, while the Central Bank will become the exclusive regulatory authority for cryptocurrency and tokenized asset infrastructure. The bill also explicitly authorizes traditional securities such as stocks and bonds to be issued, stored, and traded via crypto networks, introducing a "crypto timestamp" mechanism to confer legal validity upon transactions.
Navigating Web3 tides with focused insightsTechFlow News, July 24, according to CriptoNoticias, the Argentine government is preparing a deregulation bill spearheaded by Economy Minister Federico Sturzenegger, with key provisions including: allowing mutual funds (FCI) to allocate assets to cryptocurrencies, and allowing virtual assets to serve as collateral for loans in regulated markets.
Regarding regulatory responsibilities, the National Securities Commission (CNV) will be responsible for reviews of legality and technical solvency, while the Central Bank will become the exclusive regulatory authority for cryptocurrency and tokenized asset infrastructure. The bill also explicitly authorizes traditional securities such as stocks and bonds to be issued, stored, and traded on crypto networks, introducing a "crypto timestamp" mechanism to confer legal validity to transactions.
