Argentine President Javier Milei has outlined key policy initiatives for 2025, emphasizing free currency circulation and pro-crypto regulation. 

The new policies under consideration would allow Argentines to conduct transactions in any currency they prefer, including Bitcoin, driving financial freedom and flexibility across the nation.

Argentina Bitcoin Policies to Follow El Salvador’s Approach

Milei also announced a sweeping tax reform aimed at reducing 90% of national taxes. This plan seeks to alleviate financial pressure on citizens and empower individual states to establish their own taxation systems, promoting localized economic decision-making.

“For a year now, there has been talk of free circulation, but it’s not true that there is real free competition between fiat currencies and Bitcoin. When you trade with dollars or euros, exchange rate differences with the peso are not subject to income tax, whereas with Bitcoin, they are. This significantly increases costs, deters and complicates the use of Bitcoin as a currency,” Ricardo Mihura, President of the ONG Bitcoin Argentina, told BeInCrypto. 

In June 2024, Milei strongly advocated for Bitcoin adoption and unrestricted currency competition in Argentina. While his vision echoed El Salvador’s early embrace of Bitcoin, it remained tailored to Argentina’s unique economic landscape. 

Despite criticism, Milei continues to champion cryptocurrency as a vital tool for economic transformation. Argentina has already made strides in integrating crypto into its financial framework. In 2023, the Go to Source to See Full Article
Author: Mohammad Shahid