Argentina News: In a recorded message, the President of Argentina, Javier Milei, sent a message to the country on the first national management network with announcements of profound changes in the economy and the advancement of a Decree of Necessity and Urgency ( DNU).
"We designed a shock stabilization plan that includes a fiscal adjustment program, an exchange rate policy that adjusted the exchange rate to market value and a monetary policy that includes the sanitation of the Central Bank," said Milei.
After ten minutes of diagnosis , Milei began reading 30 bullet points : "As our economic model attacks the deficit, which is the cause of our problems, we can begin today to unblock all these regulations that aim to provide solutions but that only create problems."
the president listed what the decree of necessity and urgency will have:
Repeal of the Rental Law : so that the real estate market works smoothly again and so that renting is not an odyssey.
Repeal of the Supply Law , so that the State never again attacks the property rights of individuals.
Repeal of the Gondola Law so that the State stops interfering in the decisions of Argentine merchants.
Repeal of the National Purchase Law that only benefits certain power players.
Repeal of the Price Observatory of the Ministry of Economy to avoid the persecution of companies.
Repeal of the Industrial Promotion Law.
Repeal of the Trade Promotion Law.
Repeal of the regulations that prevent the privatization of public companies.
Repeal of the State Companies regime.
Transformation of all State companies into public limited companies for subsequent privatization.
Modernization of the labor regime to facilitate the process of generating genuine employment.
Reform of the Customs Code to facilitate international trade.
Repeal of the Land Law to promote investments.
Modification of the Fire Management Law.
Repeal of the obligations that sugar mills have regarding sugar production.
16.Liberation of the legal regime applicable to the wine sector.
17.Repeal of the national mining trade system and the Mining Information Bank.
Authorization for the transfer of the total or partial share package of Aerolíneas Argentinas.
Implementation of the open skies policy.
Modification of the Civil and Commercial Code to reinforce the principle of contractual freedom between the parties.
Modification of the Civil and Commercial Code to guarantee that obligations contracted in foreign currency must be paid in the agreed currency.
22.Modification to the regulatory framework of prepaid medicine and social works .
23.Elimination of price restrictions on the prepaid industry .
24.Incorporation of prepaid medicine companies into the social work regime.
25.Establishment of electronic prescription to streamline service and minimize costs.
Modifications to the regime of pharmaceutical companies to promote competition and reduce costs.
Modification of the Companies Law so that football clubs can become public limited companies if they so wish.
28.Deregulation of satellite internet services.
- Deregulation of the tourism sector by eliminating the monopoly of tourism agencies.
30.Incorporation of digital tools for automotive registration procedures
Javier Milei assured: "This is only the first step, in the coming days we will call extraordinary sessions of the National Congress and we will send a package of laws asking Congress for collaboration to advance in this process of change that society chose in a context of crisis that requires immediate action.
In these reforms, we see that Javier Milei is committed to reforms that increase economic freedoms and protect people's private property. Hopefully, with the abolition of Argentina's state-run Central Bank, people will be more free to use cryptocurrencies for everyday purchases and investments.
These libertarian reforms are beneficial to the cryptocurrency market because they reduce government interference in the economy, increase freedom of choice and competition, reduce tax and regulatory pressure on investors and entrepreneurs, stimulate innovation and technology development, and strengthen property rights and trust in contracts. All this contributes to the growth and stabilization of the cryptocurrency market, which is an alternative to the traditional financial system.
People will have more free money due to business development and economic growth in Argentina, so some of this money will inevitably be invested in cryptocurrencies, which will affect the growth of all cryptocurrencies.
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