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The Emergence of Blockchain Valley in Buenos Aires, Argentina
The crypto community in Argentina has come together to form a coterie with the ambitious goal of establishing a blockchain valley in Buenos Aires under the Crecimiento movement. This initiative has already garnered the support of 500 individuals, including prominent figures within the country’s ecosystem.
Key members of this coterie include Diego Guitérrez, known for co-founding Bitcoin Layer 2 Rootstock; Marcelo Cavazzoli, the CEO and co-founder of Lemon Cash, a leading crypto purchasing app in Latin America; and Elian Alvarez, a general partner at Ripio Ventures. These individuals have joined forces to drive forward the development of this blockchain valley.
A Strong Support System
One of the noteworthy aspects of the Crecimiento movement is its ties to advisors of Argentina’s libertarian president, Javier Milei. This backing adds a layer of credibility and endorsement to the efforts of the coterie in establishing a hub for crypto and tech-oriented businesses in the capital.
A Three-Dimensional Plan
The primary objective of the Crecimiento movement is to create a space where crypto enthusiasts and tech founders can thrive. With a vision of onboarding 5 to 10 million individuals onto the blockchain, the coterie aims to provide exclusive benefits, foster the growth of tech startups, and offer support wherever needed.
Furthermore, the group is working closely with the Argentine government to promote a crypto-friendly environment. Initiatives such as tax rebates, industry investments, and streamlined regulations are being explored to bolster the cryptocurrency sector in the country. President Milei has shown a keen interest in Bitcoin, associating it with notions of freedom, although no official statements have been made on the matter.
Positive Reception and Collaboration
According to Maria Milagros Santamaria, a lawyer representing Web3, regulators in Argentina have displayed optimism towards the coterie’s proposals. Specific recommendations related to cryptocurrencies are being sought to move the agenda forward. While there are some dissenting voices, their numbers are minimal, allowing the coterie to make considerable progress in their endeavors.
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