Non-government group Argentina introduced a draft invoice proposing to control the cryptocurrency market in a approach that preserves decentralization and strengthens public belief.

The proposed authorized framework was pitched by Bitcoin Argentina’s president Ricardo Mihura at LABITCONF 2023 in Argentina’s capital, Buenos Aires on Nov. 10. Bitcoin Argentina beforehand dismissed the concept that the trade wanted to be regulated. Nonetheless, the Bitcoin advocates now argue it’s essential to not solely protect blockchain but additionally maintain unhealthy actors accountable to the fullest extent of the legislation.

Ricardo Mihura talking on the cryptocurrency regulation panel at LABITCONF 2023. Supply: LABITCONF.