Argentina: What could happen to the institutionalization of the crypto market?

Argentine President Javier Miley This year promoted the Criptocurrenci $ scale this year from its personal account on the social media platform as part of a private project focused on “Funding a small Argentine company and venture”.

Although he later deleted his initial post, thousands of investors supported a digital means, causing its price to call exponentially within minutes. However, just a few hours later, the $ scale suffered a sharp collision, resulting in significant losses for users. The case became an institutional scandal with judicial covers, acquired international attention and re-caught discussions about the potential “pyramid scheme”.

However, the Argentine Crypto ecosystem shows the incident of the $ scale as an isolated event and continues to move forward with its projects, including the vault for cold storage of digital assets and the first first bitcoin-domoroda.

Custodian bunker for CRIPTO Property

The term “bunker” is usually associated with secret locations, perhaps in the basement, only after passing through multiple security gates and locks.

In Argentina, Prosegur CriptoInstitutional digital detention for custody for custody of the cash, opened second cold storage of the CRIPTO Cunker Bunker in Latin America. First in the region was founded in Brazil in 2023. years.

Far from the usual mental image of the bunker, Prosegur vault has an object that resembles briefcase, but its contents-blockchain private digital property keys – are protected by multiple layers of physical and virtual security.

2025. It was already expected to be a key year for cryptocurrency, mainly because of the US President Donald TrumpWillingness to create a favorable regulatory environment for the market. He openly stated his desire to become “Global Capital CRIPTO” and announced plans for the establishment of “Strategic Bitcoin”, similar to existing gold and nation oil reserves.

Argentina chronic macroeconomic instability, three-digit inflation inflation in the last two years, and especially its capital controls have set cryptocurrency – especially stablecoins – as a sustainable, safe and accessible option in the country.

Argentina surpassed Brazil in the total value of cryptocurrency received at 91 billion dollars – between July 2023. and June 2024. years, according to the report Chain. During the same period, over 60% of Argentine crypto transactions included stablecoins. The country is 15. globally globally in the adoption of cryptocurnancy on the notifer BlockChain data platform.

Expectations are large in the local CRIPTO ecosystem, given the ideological similarities between Abdomen and Miley and an apparent relationship between both leaders.

In Argentina, the growing feeling that the restrictions between banks and fintechs that prevent banks and fintechs from offer digital assets to clients – they can be abolished soon. Below the surface everyone seems to be preparing for that big shift.

Ready for when the time comes

“As part of the evolution of traditional business, we see this bunker as a shape of reverse innovation: digital asset transfer to physical form to ensure safe detention for our clients,” explains Hernan BallRegional innovation head in the average cash.

The Wounded is housed in one of the company facilities, kept multiple layers of security. Inside the bunker, there is a solution Prosgur offer banks, fintech, exchange, funds, family offices and investment managers: a secured computer, developed in cooperation with Israeli cyber-Curmica GK8which keeps the private key to digital assets offline, providing 100% protection against ciberate and hacks.

In addition to operational security protocols, the company also offers institutional customers insurance policy covering 100% embarkation amount.

Currently, banks and fintechs are still limited to offer crypts to their customers. However, Ball Notes that before the launch of the Krupto Treasury, they met with the Central Bank, which convinced that the regulations would be abolished this year. As a result, the company is fully prepared for changes in regulatory changes.

Ball Also confirms regular meetings with central bank and Cnv (National Securities Commission) and that Prosecur also deals with financial institutions to offer its solution.

Awaiting transformational change

“Argentina is not only one of the countries with the most crypto adoption, but there are several relevant projects. High technical levels of English, helped the creation of a strong ecosystem, initially launched non-governmental organizations, and later various projects crypto Rodolfo AndragnesPresident Ong Bitcoin Argentina, co-founder Alianza BlocCchain Iberoamerica and Organizer LabitconfBitcoin & Blockein’s leading conference in Latin America.

If the regulatory framework is changed, “can intensify the adoption of certain assets, including Bitcoin. It would also be interesting to see Bitcoin in the bank in the bank,” he added.

The version of ApezteguiaEducator, Cripto Communicator and co-founder Transitive capitalIt points out that “with high inflation rates in recent years crypto dollars are a very natural option for Argentina, who are used to thinking in terms of dollars.”

In addition, the country boasts important movements: Argentina is one of the few countries with the CRIPTO debit card, allowing users to enforce crypt, while traders receive payment in a legal tender (Argentine pesos). It is also a country in which it blows crypto mining.

Apezteguia He draws a comparison with the United States, where banks are now allowed in custody of the CRIPTO. “If the central bank accelerates the restriction and banks can offer a window to open further adoption in the country. There are people who are the Bittrust Bitcoin simply because their bank does not offer it. It could be a transformation change.

Brazil has better institutional conditions from Argentina to adopt digital currency, such as CRIPTO-ETFS purchases; In Argentina, the approach is approached through ADRS (US Depository Receipts) by the stock market fund. In addition, the adjacent country is already piloted DareThe Digital version of Brazilica Real creates the Central Bank of Brazil.

However, “as regulations and specific tax treatment in Argentina start shaping, Transitive capital It starts exploring its first corporate clients, because companies start considering the crypto market as a valid alternative to capitalize, “he says enthusiastically.

Borja Martel SewardFamous figure in Argentina’s crypt’s community and the founder DeadlockFirst in the world in the world in the world, takes it a step further: “In retail and institutional segments I see Cripto in pure growth. Donald Trump The first Bitcoin president of the United States and expectations were very. It is an unprecedented situation, so we expect Bitcoin to hit the new all the time this year. “

“In Argentina, the CRIPTO adoption has temporarily arrived. We want Argentina to be a hub; in my opinion, the country is already crypto hub, and institutional investments will grow,” he concludes.

Mid 2024. years, Sevard and Nick Damico-Former cto of BitpatagoniaOne of the largest Argentine mining companies Bitcoin – announced launch DeadlockThe first world’s first Bitcoin-Native Stock Exchange, providing investments in the amount of $ 4.3 million in a round circuit of funding before seeds Draper AssociatesFund for risk capital Tim Draper.

This article was originally published in question 42 of Society of Fondova Americas Magazine. To access full content, click on here.