Argentina Proposes Sweeping Deregulation Bill to Boost Digital Assets

Argentina is on the cusp of modernizing its financial market rules to include decentralized technologies and digital assets. A draft of the Deregulation Bill, prepared by Minister Federico Sturzenegger, proposes significant changes to allow investment funds to invest in digital assets subject to regulations. This move could unlock billions in demand for these assets.

The bill also approves the tokenization of all negotiable securities using decentralized technologies. Tokenization would enable quicker, cheaper, and more efficient operations for market participants. It would cover issuance, custody, transfer, and sale of these assets.

The document considers digital assets like Bitcoin as collateral for loans. This would allow traditional lenders to accept crypto-native capital concentrated in digital investments. Smart contracts are also given full legal recognition, enabling automatic operations such as rent agreements, mortgages, redemptions, payments, and foreclosures.