Argentina’s National Securities Commission (CNV) president Roberto E Silva and Vice President Patricia Boedo met with El Salvador’s National Commission of Digital Assets (CNAD) president Juan Carlos Reyes to discuss cryptocurrency regulation and adoption.
This meeting comes in the wake of Argentina’s growing interest in the crypto space, with Bitcoin-friendly President Javier Milei taking office in late 2023.
The discussions centred on El Salvador’s pioneering experience as the world’s first country to adopt Bitcoin as legal tender. CNV officials expressed their desire to learn from El Salvador’s approach, particularly the expertise of the CNAD.
“El Salvador has emerged as one of the leading countries, not only in the use of bitcoin, but has also stood out in the world of cryptoassets,” said Dr Silva. “We want to strengthen ties with El Salvador and therefore, we will explore the possibility of signing collaboration agreements with them.”
This development follows Argentina’s recent steps towards regulating its cryptocurrency market, including mandatory registration for crypto firms. The government is also considering legalizing Bitcoin and other cryptocurrencies for specific payments.
El Salvador, on the other hand, has become a leader in crypto adoption, establishing the CNAD as a dedicated regulatory body. Due to Bitcoin’s status as legal tender in El Salvador, other financial institutions like the Superintendency of Finance and the Central Reserve Bank also play a role in its regulation.
