Argentina Reportedly Weighs Letting Mutual Funds Hold Crypto
TL;DR
- Funds could invest in crypto assets.
- Securities could be tokenized on blockchain.
- Still a draft, not yet law.
- Awaits Milei’s signature, then Congress.
- Argentina leads Latin America in adoption.
- CNV rules still needed to apply.
A draft deregulation bill written inside Federico Sturzenegger’s Ministry of Deregulation and State Transformation would, for the first time, expressly allow Argentine mutual funds (fondos comunes de inversión, or FCI) to allocate part of their portfolios to crypto assets. The catch sits in one word: draft. The text has not been published officially, it still awaits President Javier Milei’s signature, and it has not reached Congress.
Government sources have declined to confirm the contents while the text is still being modified. As of publication the bill exists only as a draft of more than 144 pages, structured in 11 titles, that has not been assigned a bill number, entered Congress’s public record, or been released by the government, so there is no official text to link yet. The provisions below are drawn from that draft as obtained and reported by Argentine outlets, including Infobae and El Cronista. The official version will become available in Congress’s record once the executive formally submits it.
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