Buenos Aires has officially moved crypto from cafés into city hall. With the launch of BA Cripto, residents can now pay everything from property taxes to parking fines in cryptocurrency. More than a financial upgrade, it signals Argentina’s capital’s intent to brand itself as Latin America’s first true crypto-friendly metropolis. Buenos Aires introduces ‘BA Cripto’ … Read more
A “dollarized” Argentina is doing well and a “pesofied” Argentina is struggling. Once the enthusiasm about inflation reduction subsides, Argentines will measure the Javier Milei administration depending on where in the social food chain they land. This will be measured by a simple variable: their standards of living vis-à-vis the past and their fellow countrymen. While it … Read more
Much like the formidable “Iron Lady,” the late British prime minister Margaret Thatcher, whom he greatly respects, Milei makes it clear that he stands firm in his convictions. Javier Milei posits that permitting public expenditure to exceed the breakeven threshold, even marginally, would precipitate the collapse of the structure he is constructing, thereby jeopardizing Argentina’s final opportunity to achieve prosperity. In his recent nationwide broadcast, he articulated his readiness to challenge politicians, religious leaders, and those with progressive views who assert … Read more
Amidst a tumultuous week marked by political, economic, and financial challenges in Argentina, President Javier Milei is now confronted with a new corruption scandal involving a senior government official. Milei dismissed Diego Spagnuolo, the director of Argentina’s ANDIS disability agency, on Wednesday following the release of leaked audio messages by local media. These messages reportedly … Read more
The U.S. Commodity Futures Trading Commission on August 4 announced it’s moving to let spot crypto contracts trade on federally registered futures exchanges, a step that could reshape how digital assets are bought and sold at the national level. CFTC acting chair Caroline Pham explained the initiative will let exchanges like CME Group list spot … Read more
Argentina’s dollar-denominated bonds and corporate equities listed on Wall Street experienced a significant decline on Wednesday, following the Lower House’s decision to override President Javier Milei’s veto concerning a law aimed at augmenting funding for individuals with disabilities. On the same day, rates for the securities-guaranteed loans surged dramatically amid market uncertainty regarding the administration’s … Read more
In February 2024, Brazilian police have alleged that Jair Bolsonaro submitted a request for political asylum to Argentina’s president Javier Milei, a development that may exacerbate the former leader’s legal challenges. A 33-page document discovered on Bolsonaro’s mobile phone was dated merely days following the initiation of a coup-plotting investigation by the Federal Police during … Read more
Newly imposed liquidity measures aimed at containing a nascent peso sell-off have stoked tensions between President Javier Milei and the country’s banks, a sector that was largely aligned with his policy goals but now sees its profitability under threat. Bankers argue that the new provisions, which require institutions to hit reserve requirements on a daily … Read more
President Javier Milei faced a significant challenge in Congress, narrowly escaping a major defeat as lawmakers worked to gather sufficient votes to partially overturn his veto of a pension spending bill. On Wednesday night, the lower house of Congress cast a vote of 160-83 to reject the veto, falling just short of the two-thirds threshold … Read more
President Javier Milei’s administration has experienced a detrimental shift in the formal employment sector: from November 2023, the month preceding his inauguration, to May 2025, the economy has seen a decline of over 220,000 jobs and the closure of more than 15,000 businesses. A recent report by the Centro de Economía Política Argentina (CEPA) presents … Read more