Argentina’s ‘pro-crypto’ presidential candidate may actually prefer the dollar
When far-right libertarian candidate Javier Milei took a surprise lead in the race to become Argentina ’s next president in August, Crypto fans could have been forgiven for thinking that there was another political heavyweight on the scene poised to extol the virtues of digital currency. After all, he once dubbed the central bank “a scam,” and had, as reported by news outlet Rest of World, previously claimed that “Bitcoin represents money’s return to its original maker: the private sector.” He has also been vocal in his support for alleged crypto Ponzi CoinX. However, any excitement about his presumed pro-crypto stance may have been a little premature. Indeed, according to Rest of World, his plans may even depress crypto adoption . The issue, it claims, lies in his commitment not to cryptocurrency but to a policy of dollarization and its ramifications for crypto of replacing the Argentinian peso with the US dollar. Argentina’s leading presidential candidate sued for alleged c...