According to CriptoNoticias, the Argentine government plans to pass the Deregulation Act, allowing mutual investment funds (FCIs) to invest in Bitcoin and cryptocurrencies, and allowing virtual assets to serve as collateral. The draft was drafted by Economy Minister Federico Sturzenegger and will be submitted to Congress after being signed by President Javier Milei. The draft allows FCI to allocate virtual assets and create qualified investor funds. The Argentine National Securities Commission is responsible for reviewing the legality and technical solvency of FCI, while the central bank regulates the registration or transfer infrastructure of cryptocurrencies and tokenized assets. The draft also allows securities to be issued, stored, and traded through encrypted networks.