In Argentina, a local government politician has deferred a bill that – if legislated – could see a region in the country launch a crypto trading platform.
The proposal is the brainchild of Roque Gervasoni, a provincial deputy (council member) of the northern Misiones province. He has conceived a bill that will be discussed by the regional gathering.
The bill aims the launch of a state-backed crypto exchange platform, a private “public limited company” that is “decentralized” but has “majority state” ownership.
And the platform would be no regular exchange – it would also, Gervasoni wrote, role as a repository, enabling customers to hold their crypto in safety. And it would allow citizens to pay their taxes (presumably in crypto) and buy goods and services using digital tokens.
Nevertheless, the plan also suggests a unique twist: Citizens depositing their money or tokens on the platform would be obliged to abstain from accessing them for 90 days or face further charges for early withdrawals.
Gervasoni’s plans go past the local level, too. He composed that Misiones residents and all Argentines would be allowed to make use of the platform. Overseas residents could also use it, he added, but would also need to abide by the 90-day rule and be obliged to go through an additional registration process.
The deputy is a member of the Front for the Renewal of Concord party, the dominant political party in the Misiones province.