Argentina is set to launch its first blockchain-powered lithium tokenization project in Q1 2025, allowing global investors to own fractional shares of this essential resource for electric vehicle batteries. This initiative aims to enhance transparency, liquidity, and ethical sourcing while reducing transaction costs by eliminating intermediaries. With the EV industry projected to reach $1.3 trillion by 2027, Argentina's move positions it as a leader in sustainable innovation and digital asset integration.
Signs of a potential turning point are emerging in the West, as leaders like Elon Musk and Vivek Ramaswamy propose significant government spending cuts, and Argentina's Javier Milei implements a successful deregulation agenda. The collapse of Germany's eco-socialist government and Liechtenstein's media reforms suggest a shift away from overregulation and state intervention. Increasingly, people are recognizing the need to abandon the failed policies of the past in favor of individual freedom and economic prosperity.
Olivier Kessler argues that the West may be experiencing a turning point, as increasing discontent with state overreach and interventionism emerges. He highlights Argentina's recent shift under Javier Milei, who advocates for deregulation and reduced government, as a potential model for Western nations seeking to reclaim individual freedoms and economic prosperity.
Ethereum founder Vitalik Buterin has praised the Argentine peso's stability, noting its exchange rate against the U.S. dollar remains unchanged from a year ago. He commended President Milei for reversing the currency's trajectory from hyperinflation and highlighted the recent decrease in inflation rates. Additionally, Milei has announced plans for a currency competition scheme allowing the use of bitcoin for transactions.
El Salvador is set to revise its Bitcoin law, making its use voluntary, as it approaches a $1.3 billion IMF loan deal amid economic pressures. The country has partnered with Argentina to enhance crypto regulation in Latin America, aiming to share expertise and promote innovation in the sector. Despite the shift, El Salvador remains a significant Bitcoin holder, with 5,942 BTC valued at $600 million.
Argentina has partnered with El Salvador to enhance its digital asset regulation, with the CNV collaborating with the CNAD to share expertise and improve oversight of cryptocurrency exchanges. This agreement aims to foster a secure environment for virtual asset service providers, leveraging El Salvador's advanced regulatory framework. President Javier Milei's administration is focused on integrating cryptocurrency into Argentina's financial markets, including the recent approval of foreign crypto exchange-traded funds.
Argentina's financial regulator has approved the entry of US crypto-related exchange-traded funds (ETFs) into its market, allowing Bitcoin and Ethereum spot ETFs for trading after a six-year ban. This initiative, part of the CEDEAR programme, aims to diversify investment options and modernize the financial system amid efforts to combat hyperinflation. The move aligns with President Javier Milei's strategy to stimulate the digital economy as inflation rates decline.
Argentina's President Javier Milei has dismissed the head of the tax authority, Florencia Mizrahi, following backlash over a controversial tax targeting streamers and influencers. The new tax regime required digital content creators to report income from platforms like YouTube and Instagram. Milei's administration emphasized a commitment to not attack digital businesses and aims for a simplified tax system, while also pursuing deep economic reforms amid ongoing inflation challenges.
Argentina has approved U.S.-based crypto ETFs, allowing residents to trade Bitcoin and Ethereum ETFs as part of efforts to combat hyperinflation. This move, under the CEDEAR program, marks a significant step in enhancing the country's capital markets and attracting overseas investment. Additionally, Argentina is expanding its blockchain initiatives, including the establishment of a cryptocurrency storage bunker and the inclusion of crypto services in its economic classifier.
Buenos Aires Governor Axel Kicillof plans to oppose federal efforts to privatize Aerolineas Argentinas SA, the struggling national airline. President Javier Milei aims to advance a bill in Congress to facilitate the airline's sale as part of his strategy to reduce the state's size in Argentina's debt-laden economy.
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