According to Cointelegraph, Argentina’s securities regulator, the National Securities Commission (CNV), and El Salvador’s National Commission for Digital Assets (CNAD) held a meeting last week to discuss cryptocurrency adoption and regulatory issues in both countries.
According to an official announcement from Argentina, Roberto Silva, President of Argentina’s National Securities Commission, Patricia Boedo, Vice President, and Juan Carlos Reyes, President of El Salvador’s National Digital Asset Commission, discuss El Salvador becoming the first country in the world to adopt Bitcoin as legal tender in September 2021 experience of. Officials exchanged approaches and concepts for the use of cryptocurrencies in the global economy, with a particular focus on the case of Bitcoin in El Salvador.
CNV President Silva emphasized that El Salvador has not only become a global leader in the adoption of Bitcoin, but also excels in the broader cryptocurrency industry. He emphasized the importance of the industry insights uncovered by CNAD. Silva said:
"We want to strengthen our ties with the Republic of El Salvador, so we will explore the possibility of signing a cooperation agreement with them."
CNV Vice Chairman Boedo, who visited El Salvador in March to attend meetings on market developments, emphasized the key role of El Salvador’s expertise in the crypto industry. CNAD President Reyes said:
"Argentina is a pioneer in the technology sector, and the National Securities Commission understands and wants to work effectively with this industry and establish appropriate regulation."
El Salvador’s CNAD President Juan Carlos Reyes (left) and Argentina’s CNV President Roberto Silva (right), Source: www.argentina.gob.ar
However, Stacy Herbert, head of the National Bitcoin Office of El Salvador, added to the news on the General information exchange.
There was no bitcoin policy discussion between any senior officials of El Salvador and Argentina.This was merely a very ordinary exchange of information between two regulators related to digital securities regulations. https://t.co/t6kQhECjij
— Stacy Herbert (@stacyherbert) May 27, 2024
The news comes as Argentina moves forward with regulating local cryptocurrency markets, passing registration requirements for cryptocurrency companies in April. Ever since Bitcoin-friendly politician Javier Milei became president of Argentina in 2023, the country has been actively involved in the cryptocurrency space.
In December 2023, Argentina’s Minister of Foreign Affairs, International Trade and Worship, Diana Modino, claimed that the Argentine government had “approved and confirmed” that Bitcoin could be used as currency for official contracts.
Related reports: "Argentines are buying Bitcoin to fight inflation, and Bitcoin purchases on major exchanges reached a 20-month high" "El Salvador relied on volcanoes to mine 474 Bitcoins in 3 years, and the state treasury received US$29 million 》
This article Argentina and El Salvador regulators meet to exchange experiences on Bitcoin adoption and regulation first appeared on Zombit.
