According to a report by Cointelegraph, the National Securities Commission (CNV) of Argentina and the National Digital Assets Commission (CNAD) of El Salvador held a meeting last week to discuss the adoption and regulation of cryptocurrencies in both countries.
According to an official announcement from Argentina, Roberto Silva, Chairman of the National Securities Commission, Patricia Boedo, Vice Chairman, and Juan Carlos Reyes, Chairman of the National Digital Assets Commission of El Salvador, discussed El Salvador’s experience as the first country in the world to adopt Bitcoin as legal tender in September 2021. The officials exchanged views on the use of cryptocurrencies in the global economy, with a focus on El Salvador’s Bitcoin case.
Chairman Silva of the CNV emphasized that El Salvador has not only become a global leader in adopting Bitcoin but has also shown outstanding performance in the broader cryptocurrency industry. He highlighted the importance of the industry insights discovered by the CNAD. Silva stated:
“El Salvador has not only become a global leader in adopting Bitcoin, but has also shown outstanding performance in the broader cryptocurrency industry. We acknowledge the importance of the insights discovered by the CNAD and believe that they can contribute significantly to the development of the global economy.”
Vice Chairman Boedo of the CNV visited El Salvador in March to participate in a conference on market development and emphasized the crucial role of El Salvador’s expertise in the cryptocurrency industry. Chairman Reyes of the CNAD stated:
“El Salvador’s expertise in the cryptocurrency industry plays a key role in the development of the market. We believe that the exchange of information between our two regulatory institutions can greatly benefit both countries.”
However, Stacy Herbert, the head of the National Bitcoin Office of El Salvador, clarified on the X platform that there were no discussions on Bitcoin policies between the officials of the two countries. She stated that this was just a regular information exchange between the two regulatory institutions regarding digital securities regulation.
At the time of this news release, Argentina is advancing the regulation of the local cryptocurrency market and has implemented registration requirements for cryptocurrency companies in April. Since the Bitcoin-friendly politician, Javier Milei, became the President of Argentina in 2023, the country has been actively involved in the cryptocurrency field.
In December 2023, Diana Modino, the Minister of Foreign Affairs, International Trade, and Religious Affairs of Argentina, claimed that the Argentine government had “approved and confirmed” Bitcoin as a currency for official contracts.
Related reports: “Argentinians are buying Bitcoin to hedge against inflation, major exchanges see 20-month high in Bitcoin purchases” and “El Salvador mines 474 Bitcoins in 3 years using volcanic energy, treasury receives $29 million.”
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