Within the framework of the LABITCONF 2023 event, in the city of Buenos Aires, NGO Bitcoin Argentina presented a draft Bitcoin Law.
At LABITCONF 2023, the NGO Bitcoin Argentina presented a draft bill to give a legal framework to the operation with Bitcoin and crypto assets in Argentina.
Indeed, LABITCONF (Latin American Bitcoin & Blockchain Conference) is the leading conference in Latin America that brings together the main leaders of the crypto industry and entrepreneurs in the region.
In fact, since 2013, LABITCONF has been a key meeting point to discuss and promote the latest trends, developments and challenges in the world of cryptocurrencies and Blockchain technology and has been the origin of many projects.
Inclusive Bitcoin: Empowering Financial Argentina
Specifically, the president of the NGO Bitcoin Argentina, Ricardo Mihura, was in charge of presenting the draft bill. This proposal was prepared by the civil association with the objective of providing a legal framework for operations with Bitcoin (BTC) and crypto assets in the South American country.
In his presentation, on the first day of LABITCONF 2023, lawyer Ricardo Mihura expressed the following:
“We have always rejected attempts to regulate the crypto economy, but this time we set ourselves the goal of giving a positive response, with only two purposes: preserve decentralization and protect savings and public confidence. Because we cannot close our eyes to the number of dishonest actors and projects that circulate with the Blockchain brand.”
Debating the Proposal: Industry Leaders Gather on Stage
In a high-level meeting on stage, prominent industry leaders gathered to address a proposal that has captured the attention of all sectors, with the purpose of debating and thoroughly analyzing said proposal.
On November 10, LABITCONF posted the following on X:
“Freedom or regulation? Juan Pablo Fridenberg, @dieguito, Sol Mas, and Manuel Calderón Cavazzoli explore the global regulatory framework and reveal the possible scenarios in the near future and the opportunities that the Bitcoin Law could facilitate.”
María Sol Mas from Matba Rofex, indicated that it seemed good to her “that exchanges be allowed to maintain the independence of their reserves, and have them autonomously and not on collective deposit platforms. This is consistent with the characteristics of the Blockchain.”
Ricardo Mihura expressed that “Argentina has no possibility of prohibiting its residents from operating in global environments. We believe that it does not make sense to propose a top-down prohibition and we choose to propose the best that the law can offer its citizens: the “the right to claim before a judge, those responsible for causing them concrete and real harm.”
He added that “And this includes those directly responsible and all those who profit in the marketing chain of a fraud, until the final victim.”
Diego Gutiérrez Zaldívar of IOV Labs said that “Decentralization is not Boolean. Bitcoin is at one of the extremes. Each platform has a life cycle, and every project begins centralized. Even Bitcoin was born centralized. The incentives and economic development are decentralizing them as actors join.”
Economist Manuel Calderón Cavazzoli of UTDT clarified that trust can be gained through prestige and good compliance, through self-regulation or external regulation. “In the proposal, actors who build their own credit coexist with those who acquire it by adapting to a regulated framework, and they can compete perfectly.”
Finally, Ricardo Mihura thanked the debate created around the draft presented, and reported that a public debate process was thus beginning to develop a possible draft legal framework for the crypto economy.
By Audy Castaneda
