Mercado Libre founder and CEO Marcos Galperín
“I think they’ll use it to go after the fintechs.” That’s the statement of a finance analyst in Buenos Aires, about how he expects the banks to use this year’s recession to lobby the Argentine government to turn the regulatory screw against the emerging competition.
It’s not a wild claim. Leaders in the start-up community have been demoralized by the new government’s decision to go after the country’s biggest success, Mercado Libre.
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