‘Crypto President’ Javier Milei Scores Shock Midterm Win: What’s Next for Crypto in Argentina?

Argentine President Javier Milei’s pro-crypto party, La Libertad Avanza, has scored a surprise victory in the country’s midterm elections, strengthening his control in Congress and reigniting debate over Argentina’s future economic direction and its deepening embrace of digital ￰3￱ to local outlet La Nación, Milei’s party secured 40.68% of the national vote, winning key regions including Buenos Aires province, long considered a Peronist ￰4￱ result marks a major turnaround from September’s provincial elections, when the Peronists had defeated Milei’s candidates by a wide margin.) , requiring registration with the National Securities Commission (CNV) and compliance with anti-money laundering and cybersecurity ￰5￱ the new framework, cryptocurrencies are legally recognized for transactions but do not hold legal tender ￰6￱ regulators approve US ETFs, including crypto-related products, enabling #BTC and Ethereum spot ETFs to trade for the first time. ￰0￱ — ￰7￱ (@cryptonews) December 10, 2024 The CNV has also authorized trading of U.

S. exchange-traded funds (ETFs) , including Bitcoin and Ethereum spot ETFs, through Argentina’s CEDEAR program, ending a six-year prohibition. Argentina’s Crypto Boom Overshadowed by Milei’s LIBRA Controversy Argentina’s growing openness to crypto has made it one of the most active markets in Latin America. A 2025 report by Chainalysis ranked the country 20th globally for crypto adoption and second regionally behind Brazil, with $93.9 billion in transaction volume between mid-2023 and mid-2024.) February 18, 2025 Following the scandal, the government dissolved the investigative task force probing the incident, citing completion of its ￰8￱ move drew criticism from opposition lawmakers, who accused Milei of attempting to bury the ￰9￱ Pushes Forward with Crypto Liberalization as Argentina Deepens Global Ties Even with lingering doubts about his credibility, Milei continues to champion a liberalized currency ￰10￱ June 2024, he publicly endorsed an “open market” system that would allow Bitcoin to compete freely alongside the Argentine ￰11￱ stance aligns with that of former Foreign Affairs Minister Diana Mondino, who confirmed that crypto-based contracts were legally recognized under Milei’s deregulation ￰12￱ Salvador and Argentina will share “knowledge and expertise to support regulatory development and innovation,” in Latin America. #ElSalvador #Argentina #BitcoinAdoption ￰1￱ — ￰13￱ (@cryptonews) December 11, 2024 Argentina’s collaboration with El Salvador further shows its commitment to developing a digital asset ￰14￱ December 2024, both countries signed a mutual cooperation agreement to strengthen regulatory frameworks and share blockchain ￰15￱ momentum has attracted major international ￰16￱ secured VASP registration in early 2025 , granting it full regulatory approval to expand local operations and integrate peso payment methods. @coinbase expands to Argentina, gaining regulatory approval to provide secure crypto services in a region embracing digital assets. #Blockchain #Coinbase #Argentina ￰2￱ — ￰17￱ (@cryptonews) January 28, 2025 Exchange Bybit also entered the Argentine market in August 2024 , reflecting the country’s growing appeal as a regional crypto hub.