Argentina unveils crypto-friendly capital markets reform
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- Argentina has proposed a broad deregulation bill to modernise its capital markets.
- The proposal would allow greater use of blockchain technology and digital assets in financial markets.
- The government said the reforms aim to improve efficiency, lower costs and attract investment.
Argentina has introduced a bill to overhaul its capital markets by reducing regulations and expanding the use of blockchain technology and digital assets.
The proposal would permit the use of blockchain infrastructure, tokenised securities and cryptocurrency-related services within the country's financial system.
The government said the reforms are designed to modernise financial markets and make it easier for businesses to raise capital.
The bill also seeks to streamline market rules, reduce administrative burdens and encourage financial innovation.
Supporters say blockchain technology could improve transparency, efficiency and settlement times across Argentina's capital markets.
The proposal must pass through the legislative process before the reforms can become law.