The growing crypto economy is constantly at odds with economic policies coming out of ailing Latin American economies like Argentina.

The Argentine pesos’ informal dollar exchange rate, called Dólar Blue, is making new highs, reaching a 497-to-1 ratio on April 25, and inflation numbers surpassed 100% year-over-year as of March. And yet, despite these numbers, the International Monetary Fund is negotiating a new payment agreement with Argentinian President Alberto Fernandez's government, which reportedly includes a demand for more restrictive crypto policies from the Fernandez administration.

Argentina already has a $44 billion debt with the IMF, taken by former President Mauricio Macri in 2018. The new Argentinian government has been struggling to negotiate with the IMF for over a year, trying to ease the terms and let Argentina’s ailing economy recover.