Argentine congressman Martín Yeza, a member of the Propuesta Republicana (PRO) party, announced via X his proposal to amend the Central Bank's charter, allowing it to buy, hold, and mine Bitcoin (BTC) as part of its reserves.
Currently, the Central Bank of Argentina (BCRA) is prohibited from managing unregulated assets, but this bill seeks to change that. Presented to the Finance Committee of the Chamber of Deputies, the initiative requires support from President Javier Milei, a known Bitcoin advocate, to move forward.
While approval is unlikely before year-end, the proposal aligns with Milei’s pro-crypto stance. Notably, Milei participated in the Tech Forum Argentina on October 19, a high-profile event featuring prominent figures like Dominic Williams of the DFINITY Foundation and Julian Peh of the KIP Protocol, highlighting the growing interest in cryptocurrency and decentralized technologies in the country.
The proposal by Argentine Congressman Martín Yeza to amend the Central Bank's charter, allowing it to purchase, hold, and mine Bitcoin, has sparked significant debate. Yeza, part of the Republican Proposal (PRO) party, acknowledges the legislative hurdles ahead and highlights the need for support from President Javier Milei, who has previously expressed openness toward cryptocurrency. The proposal aligns with broader trends in Argentina, where Bitcoin is popular as a hedge against inflation and economic instability.
Bitcoin Argentina cryptocurrency Central Bank Martín Yeza Javier Milei Bitcoin mining financial freedom cryptocurrency regulation decentralized currencies inflation hedge economic stability IMF criticism El Salvador Bitcoin law libertarian economics
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