The Argentine government is preparing to regulate cryptocurrency service providers through an administrative order. This measure aims to remove Argentina from the gray list of the Financial Action Task Force (FATF) and place cryptocurrency service lending institutions under the supervision of local securities regulators. Under the new decree, all cryptocurrency service providers must register with the national cryptocurrency regulatory agency and operate under the license provided by the organization, even if they are not in Argentina. In addition, these institutions must provide information to the national intelligence agency to comply with anti-money laundering laws, forcing cryptocurrency service providers to issue risk reports and report suspicious activity. The administrative order is scheduled to be issued before March 6, when FATF will visit Argentina to evaluate the anti-money laundering measures initiated by Argentina since the last visit.

Bitcoin Magazine posted on social media that the office of Argentine President Javier Milei stated that closing the central bank is not a negotiable issue. Previously, Argentine President Javier Milei had stated that if elected, he would close the central bank, fully transitioning the economy to the US dollar; simplifying government departments, not asking for money from the IMF anymore, and withdrawing from the Southern Common Market.

Bitcoin Magazine posted on social media that election betting odds show that Bitcoin-friendly candidate Javier Milei has a 63% chance of winning the Argentine presidential election.