Bitcoiners pitch draft bill to preserve blockchain, decentralization in Argentina

Non-government organization Argentina presented a draft bill proposing to regulate the cryptocurrency market in a way that preserves decentralization and strengthens public trust.

The proposed legal framework was pitched by Bitcoin Argentina’s president Ricardo Mihura at LABITCONF 2023 in Argentina’s capital, Buenos Aires on Nov. 10. Bitcoin Argentina previously dismissed the idea that the industry needed to be regulated. However, the Bitcoin advocates now argue it is necessary to not only preserve blockchain but also hold bad actors accountable to the fullest extent of the law.

Ricardo Mihura speaking at the cryptocurrency regulation panel at LABITCONF 2023. Source: LABITCONF.

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