🔥MILEY and BTC🔥

Max Keiser: Milei will pay the consequences for not understanding #Bitcoin

The bitcoin maximalist asserts that the Argentine president "did not take the time" to learn about Bitcoin.

Key facts:

🔸For Keiser, the regulation of #exchanges in Argentina is a mistake.

🔹In Argentina, bitcoin exchanges must register with the CNV to operate.

“Javier Milei made his first big mistake and will pay the consequences.” In this way, the maximalist bitcoiner Max Keizer questioned that the Argentine government has decided to regulate bitcoin (BTC) and #Criptomonedas exchanges based on the guidelines of the Financial Action Task Force (FATF).

Via Twitter, Keizer questioned that Argentine President Milei has not taken the time to “understand Bitcoin.”

The authority of #CNV to regulate exchanges was granted after the modification of the Money Laundering Law, which included four new articles aimed at supervising the emerging ecosystem in that country.

The modification was a consequence of the pressure exerted by the FATF on Argentina, considering that this organization has been evaluating that nation since last year and, if they do not comply with its recommendations, they run the risk of entering the gray list or the black list, which which would lead to difficulties in their international economic relations.

The authority granted to the CNV has been the cause of protest and criticism in the bitcoin community. There are even those who allege that Milei “handed them over” and urge the withdrawal of funds from local exchanges.

According to lawyer Ana Ojeda, now exchanges and companies “will have a closer look” at the CNV, which will mean greater scrutiny for users.

In Argentina, #btc and cryptocurrency companies have already been required to report their operations to the country's authorities, as well as provide data on their users, such as identities, transactions and addresses.

Source: CriptoNoticias