The Argentine government is collaborating with El Salvador to gain insights from its experience with Bitcoin and other cryptocurrencies.
Argentina’s National Securities Commission (CNV) met with El Salvador’s National Commission of Digital Assets (CNAD) to discuss cryptocurrency adoption and regulation in both countries. This meeting took place on May 23 and was officially announced by the CNV.
Discussing El Salvador’s Bitcoin Experience
During the meeting, CNV President Roberto Silva, CNV Vice President Patricia Boedo, and CNAD President Juan Carlos Reyes talked about El Salvador’s groundbreaking decision to adopt Bitcoin as legal tender in September 2021. They exchanged ideas on using cryptocurrencies in global economies, with a particular focus on El Salvador’s Bitcoin journey.
CNV President Silva highlighted El Salvador’s leadership in Bitcoin adoption and the broader cryptocurrency industry. He emphasized the importance of the insights gained by CNAD in regulating the digital asset market in El Salvador. Silva expressed Argentina’s interest in strengthening ties with El Salvador and exploring potential collaboration agreements.
Argentina Learning from El Salvador’s Expertise
CNV Vice President Boedo, who visited El Salvador in March for meetings on market development, stressed the significance of El Salvador’s expertise in the crypto industry. She stated that Argentina is a pioneer in technology and that the CNV aims to work efficiently with the industry to create appropriate regulations.
This collaboration comes as Argentina advances in regulating its local cryptocurrency market. In April, Argentina implemented registration requirements for crypto firms. The country has shown a growing interest in cryptocurrency, especially since the election of Bitcoin-friendly politician Javier Milei as president in late 2023.
In late 2023, Argentina’s Foreign Affairs Minister Diana Mondino announced that the government was preparing a decree to legalize the use of Bitcoin and other cryptocurrencies for payments under specific conditions. This move highlights Argentina’s commitment to integrating cryptocurrencies into its financial system.
