Argentina plans to allow mutual investment funds to invest in cryptocurrencies and use them as collateral for pledges.

According to CriptoNoticias, the Argentine government plans to allow Collective Investment Funds (FCI) to invest in Bitcoin and cryptocurrencies under the proposed "Deregulation Bill," and to permit virtual assets to be used as pledged collateral. The draft was prepared by Economy Minister Federico Sturzenegger and will be submitted to Congress once signed by President Javier Milei. The bill allows FCIs to allocate virtual assets and create qualified investor funds. The Argentine National Securities Commission is responsible for the review of FCI legality and technical repayment capability, and the central bank supervises the infrastructure for the registration or transfer of cryptocurrencies and tokenized assets. The bill also permits securities to be issued, stored, and traded via crypto networks.