Argentine crypto influencer Javier Milei hopes that the FATF will remove the travel law

After Libertarian Javier Millay was sworn in as Argentina's president on December 10, the local crypto community is hoping that he will keep some of his more radical words and take the country to the same level of crypto adoption as his counterpart, Naib Bukele. El Salvador.

On the day of his inauguration, the Latin American newspaper Cryptonoticias published “Three questions for Miley from the BTC community”. The non-governmental organization Bitcoin Argentina, Camilo Joraguria, has asked Millais to respect the privacy of its people and not introduce “draconian measures” of the Financial Action Task Force (FFFF).

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The measure Jorajuría is referring to is the FATF's Travel Rule, which requires virtual asset service providers to share information about senders and receivers of virtual assets. The crypto lobbyist also pointed to the example of El Salvador as a way to adopt and regulate Bitcoin.

Argentinian crypto activist and columnist Adam Dubov believes that the newly inaugurated president should “start dismantling” the regulatory structure of the country's central bank, the Banco Central de la Repubblica Argentina (BCRA), in keeping with his promise of radical monetary reform. .

A more moderate comment came from Monica Taher, a former employee of the El Salvador government, who welcomed Milley's position on cryptocurrencies and predicted that Argentina, due to the size of its economy, could turn investors away from El Salvador if its government helped develop its digital ecosystem.

Javier Millay won Argentina's presidential election on November 19, promising radical reforms, such as abolishing the BCRA and fully dollarizing the national economy. However, as Fernando Nikolic, founder of Bitcoin Perception, an Argentinian bitcoin activist and media analyst, told Cointelegraph after the election, the crypto community's enthusiasm for Milli should be tempered by the fact that he would “pass any kind of legislation that is considered.” Bitcoin-friendly' is not part of its official program.”

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