Bitcoin Argentina has proposed a draft bill to regulate the cryptocurrency market in order to ensure decentralization and build public trust. The organization, which previously opposed regulation, now believes it is necessary to hold bad actors accountable and protect the blockchain. The bill categorizes cryptocurrency platforms into three groups based on their approach to property rights and allows centralized platforms to operate freely while providing judicial protection for customers. Bitcoin Argentina argues that outright bans on cryptocurrencies are ineffective and proposes a regulatory approach that provides a legal framework for citizens. The bill also aims to hold all parties involved in fraudulent activities accountable and coincides with Argentina's upcoming presidential run-off. Argentina is currently facing a severe inflation crisis but has seen significant growth in its cryptocurrency market.
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