Argentina’s crypto coterie plans to set up a blockchain valley in Buenos Aires as part of its Crecimiento movement, with a following of 500 individuals.
The coterie consists of all leading players within the country’s ecosystem. Some of these notable figures include Diego Guitérrez, co-founder of Bitcoin Layer 2 Rootstock; Marcelo Cavazzoli, who is both the CEO and co-founder of Lemon Cash, a leading cryptocurrency buying app in Latin America; and Elian Alvarez, general partner at Ripio Ventures.
Above all, Crecimiento’s core team has the support of advisors to the country’s new libertarian president, Javier Milei.
The Crecimiento Movement plans to set up a hub for crypto, as well as founders of technology-oriented companies in the capital, offering them a three-dimensional plan. It plans to engage 5 to 10 million people by offering exclusive items, increasing the country’s number of technology-related startups and supporting them where necessary.
The group’s mission is to work with Argentina’s new crypto-friendly government to support the cryptocurrency sector through initiatives such as tax credits, industrial investments and simplified regulations.
During the campaign, President Milei emphasized the benefits of Bitcoin and associated it with a sense of freedom; However, no formal statements on the matter have been released. Nevertheless, the coterie has been actively working with the relevant officials to establish their crypto center in Buenos Aires.
According to Maria Milagros Santamaria, a lawyer for Web3, the regulators are very positive towards them and are asking for specific proposals regarding the crypto topic in order to move forward. According to her, there are a small number of people who are really against the proposal, but fortunately that is only a small number.