{"id":26456,"date":"2023-12-11T11:36:27","date_gmt":"2023-12-11T11:36:27","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/argentine-crypto-influencers-hope-javier-milei-will-shun-fatf-travel-rule\/"},"modified":"2023-12-11T11:36:28","modified_gmt":"2023-12-11T11:36:28","slug":"argentine-crypto-influencers-hope-javier-milei-will-shun-fatf-travel-rule","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/argentine-crypto-influencers-hope-javier-milei-will-shun-fatf-travel-rule\/","title":{"rendered":"Argentine crypto influencers hope Javier Milei will shun FATF Travel Rule"},"content":{"rendered":"
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After libertarian Javier Milei was sworn into the presidential office in Argentina on Dec. 10, the local crypto community is hoping he\u2019ll keep some of his most radical promises and take the country to the same level of crypto adoption as his counterpart Nayib Bukele did with El Salvador.\u00a0<\/p>\n
On the day of his inauguration, Latin American outlet Cryptonoticias published \u201cthree requests to Milei from the Bitcoin community.\u201d The vice president of the NGO Bitcoin Argentina, Camilo Jorajur\u00eda, called for Milei to respect the privacy of his people and not introduce the \u201cdraconian measures\u201d of the Financial Action Task Force (FATF). <\/p>\n
Related: <\/u><\/em><\/strong>Milei vowed to close Argentina\u2019s central bank \u2014 But will he do it?<\/em><\/strong><\/p>\n The measure Jorajur\u00eda referred to is the FATF\u2019s 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.<\/p>\n Adam Dubove, an Argentine crypto advocate and columnist, believes that the newly-inaugurated president should keep his promises of radical monetary reforms and \u201cbegin to dismantle\u201d the regulatory structure of the Central Bank of Argentina (BCRA). <\/p>\n The most moderate commentary came from a former employee of the government of El Salvador, M\u00f3nica Taher, who welcomed Milei\u2019s stance on cryptocurrencies and predicted that, due to the size of its economy, Argentina could divert investors from El Salvador, should its government help to boost the digital ecosystem. <\/p>\n Javier Milei triumphed in Argentina\u2019s presidential election on Nov. 19, promising radical reforms, such as abolishing the BCRA and conducting a full dollarization of the national economy. However, as Fernando Nikoli\u0107, an Argentine Bitcoin advocate and founder of media analyst firm Bitcoin Perception, told Cointelegraph after the election, the enthusiasm for Milei from the crypto community should be tempered by the fact that \u201cpassing any sort of law that is considered \u2018Bitcoin-friendly\u2019 is not a part of his official program.\u201d<\/p>\n Magazine: <\/u><\/em><\/strong>Lawmakers\u2019 fear and doubt drives proposed crypto regulations in US<\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" After libertarian Javier Milei was sworn into the presidential office in Argentina on Dec. 10, the local crypto community is hoping he\u2019ll keep some of his most radical promises and take the country to the same level of crypto adoption as his counterpart Nayib Bukele did with El Salvador.\u00a0 On the day of his inauguration, […]<\/p>\n","protected":false},"author":1,"featured_media":26457,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[42],"tags":[],"class_list":["post-26456","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"yoast_head":"\n