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, the Chairman of the National Securities Commission, Patricia Boedo, the Vice Chairman, and Juan Carlos Reyes, the 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. Officials exchanged ideas and concepts on the use of cryptocurrencies in the global economy, with a particular 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 performed well in the broader cryptocurrency industry. He highlighted the importance of the industry insights discovered by the CNAD. Silva stated:
“El Salvador has become a global leader not only in adopting Bitcoin but also in the broader cryptocurrency industry. We recognize the importance of the insights discovered by the CNAD in this regard.”
Vice Chairman Boedo of the CNV, who visited El Salvador in March to participate in a conference on market development, emphasized the key role of El Salvador’s expertise in the cryptocurrency industry. Chairman Reyes of the CNAD stated:
“We greatly value the exchange of experiences and knowledge with the CNV. We believe that collaboration between regulatory authorities is essential for the development and regulation of digital assets.”
Juan Carlos Reyes, Chairman of the CNAD of El Salvador (left), and Roberto Silva, Chairman of the CNV of Argentina (right). Source: www.argentina.gob.ar
However, Stacy Herbert, Head of the National Bitcoin Office of El Salvador, supplemented this news on the X platform, stating that there was no discussion of Bitcoin policies between the officials of the two countries, and it was just a very typical exchange of information regarding digital securities regulation between the two regulatory institutions.
At the time of this news release, Argentina is advancing the regulation of the local cryptocurrency market and has passed 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, Minister of Foreign Affairs, International Trade, and Religious Affairs of Argentina, claimed that the Argentine government had “approved and recognized” Bitcoin for use as currency in official contracts.
Related reports: “Argentinians 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 Volcano Energy, Treasury Receives $29 Million”.
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