Argentina plans to ease capital market regulations, allowing mutual funds to invest in cryptocurrencies

Odaily Planet Daily News: The Argentine government is pushing to ease capital market regulations, proposing to allow Mutual Investment Funds (FCI) to invest in Bitcoin and cryptocurrencies, and to permit virtual assets as collateral. The measure originates from a draft "Deregulation Bill" drafted by Economy Minister Federico Sturzenegger, which is currently awaiting President Javier Milei's signature before being submitted to Congress. The draft explicitly allows FCIs to allocate assets to virtual assets and establishes "qualified investor" funds. The Argentine National Securities Commission's oversight of FCIs is limited to legality and technical solvency reviews; the central bank will have exclusive regulatory authority over the registration or transfer infrastructure involving cryptocurrencies and tokenized assets. The draft also explicitly allows securities such as stocks and convertible bonds to be issued, stored, and traded through crypto networks.