Mayors Reject Land Law and Warn About Foreign Ownership
The Argentine Federation of Municipalities (FAM), which brings together more than 500 mayors, rejected the bill on the Inviolability of Private Property and urged national senators to protect Argentine territory and sovereignty. In a statement titled "The Homeland is not for sale. The land is not either," FAM, led by Fernando Espinoza, questioned the initiative of President Javier Milei's government, warning that it could increase foreign ownership of national territory. The organization requested senators to reject the bill that modifies the land protection regime, raising the limit of rural land in foreign hands from 15% to 25%. FAM argued that the project dismantles strategic tools for the defense of national sovereignty and criticized the easing of restrictions in border areas and regions with strategic resources. Furthermore, it warned about the risk of large areas of the country falling under the control of foreign interests, especially in regions with lithium, copper, and oil reserves. It compared the Argentine regime with restrictions in other countries in the region and Europe, highlighting that while the world protects its strategic resources, this project seeks to eliminate protective measures. The organization recalled that the judiciary suspended the Executive's attempt to repeal the Land Law through DNU 70/2023 and stated that preserving territorial heritage is a permanent obligation of the Argentine State.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Argentine President Milei's Social Media Influence Drops by 72%

Land Law: Government Proposes Increasing Foreign Ownership Limit to 25%

Milei Presents Reforms for the BCRA and Denounces the Inflation Tax Scam

How to Travel the World with Free Accommodation through House Swapping

MIT Tests Magnetic Nanoantennas Against Drug-Resistant Glioblastoma

Circle to Withdraw USDC Support on Noble and Shut Down CCTP V1

Meet Kute, the New Bitcoin Wallet for Generation Z

Cosmos says bank tokenization is moving beyond pilots

Rising Oil Prices Recalibrate the Landscape for Argentine Investors: Which Alternatives Are Gaining Ground

How Will Apple's New Product Launch Event Impact AAPL Stock and Stock Tokens?

Oil Above $100: What Changes for Petrobras and the Ibovespa

After the failure of Web3 games, memecoins target old video games

Benjamin Cowen's Analysis of Bitcoin's Current Situation: Higher Probability of a New Bottom!

For the IMF, delinquency does not pose a risk to financial stability

Hunter Biden: No Internal Sell-Off Amid LAPTOP Meme Coin Crash

Find out now if your congressman votes in favor of Bitcoin

Nobel Laureate Daron Acemoğlu to Speak at Istanbul Fintech Week on October 6

Brent Price Forecasts Soar to $90, HSBC Warns: Risk of $120

RBC Crypto Forum: Key Topics Currently Discussed by the Crypto Community

BIS Warns of Financial Stability Risks Amid AI Investment Boom and Increased Reliance on Debt and Private Credit

Snapchat Launches Plans to Compete with Partiful in Event Organization

BCRA expects a $4.4 billion offer from companies and provinces to support dollar purchases

The Journey to Agentic Payment: The Real Challenge Lies in the Middle Path

Comparison of Four US Stock Tokens: BNB Chain, Robinhood Chain, Base, Solana

Crypto Stops Being a "Separate World": How It Is Merging with Traditional Finance

SEC gives Bitcoin-heavy trusts a new 15% window to venture beyond existing listing rules

Schools During 'Yellow' Alert: Changes for Students, Parents, and Teachers

IGP-M Accelerates to 0.93% in September: What Changes for Renters

Nobel Heroes & AI4SCI Summit 2026 to Kick Off in Singapore This October







