The cryptocurrency community in Argentina is planning to establish a blockchain hub in Buenos Aires as part of its Crecimiento initiative, with a following of 500 individuals.

This community comprises prominent figures within the country's ecosystem, including Diego Guitérrez, co-founder of Bitcoin Layer 2 Rootstock; Marcelo Cavazzoli, CEO and co-founder of Lemon Cash, a leading crypto purchasing app in Latin America; and Elian Alvarez, general partner at Ripio Ventures. Additionally, Crecimiento's core team has the support of advisors to the country's new libertarian president, Javier Milei.

The Crecimiento movement aims to create a hub for crypto and technology-oriented business founders in the capital, providing them with a comprehensive plan. It aims to onboard 5 to 10 million people onto the blockchain by offering exclusive items, fostering tech startups, and providing support where needed.

The group's mission is to collaborate with Argentina's crypto-friendly government to support the cryptocurrency sector through initiatives such as tax rebates, industry investment, and simplified regulations.

While President Milei highlighted the benefits of Bitcoin during the campaign, no formal statements have been released on the matter. However, the community has been actively engaging with relevant officials to establish their crypto center in Buenos Aires.

According to Maria Milagros Santamaria, a lawyer for Web3, regulators are expressing positivity towards their proposals and are requesting specific plans regarding crypto regulation. She notes that there are few individuals opposed to the proposal, but their numbers are limited.