The Argentine government is collaborating with El Salvador to learn from its experience with Bitcoin adoption and other cryptocurrency activities.
Argentina’s securities regulator, the National Securities Commission (CNV), held a meeting with El Salvador’s National Commission of Digital Assets (CNAD) to discuss crypto adoption and regulation, according to a CNV announcement.
During the meeting on May 23, CNV President Roberto Silva, CNV Vice President Patricia Boedo, and CNAD President Juan Carlos Reyes examined El Salvador’s experience as the first country to adopt Bitcoin as legal tender in September 2021. The officials exchanged ideas on the use of cryptocurrencies in global economies, focusing particularly on El Salvador’s Bitcoin implementation.
President Silva emphasised that El Salvador has become a global leader in Bitcoin adoption. He highlighted the importance of industry insights discovered by CNAD, which regulates El Salvador’s digital asset market. Silva remarked, “We want to strengthen ties with the Republic of El Salvador, and therefore, we are going to explore the possibility of signing collaboration agreements with them.”
Vice President Boedo, who visited El Salvador for market development discussions in March, noted the critical role of El Salvador’s expertise in the crypto sector.
“Argentina is a pioneer in technology and the National Securities Commission understands and wants to work with the industry efficiently and create appropriate regulation,” El Salvador’s CNAD President Reyes said.
This development comes as Argentina is advancing its regulation for the local cryptocurrency market. The country implemented registration requirements for crypto firms in April.
Argentina has shown increasing interest in cryptocurrency since Bitcoin-friendly politician Javier Milei became Argentina’s president in late 2023.
Additionally, Argentina’s foreign affairs minister, Diana Mondino, indicated in late 2023 that the government was preparing a decree to legalise Bitcoin and other cryptocurrencies for payments under certain conditions.
