[{"category":{"name":"Trending News","exported_url":"trending-news"},"id":"dee2993b-62ee-4619-968c-a684b4794fa9","updated_at":"2024-05-28T03:23:09.368754+00:00","account":{"firstName":"Mason","lastName":"Thompson"},"description":"Argentina discusses collaboration with El Salvador, learning from the latter’s success in regulating crypto activities.","sapo":"Argentina’s National Securities Commission (CNV) recently met with El Salvador’s National Digital Assets Commission (CNAD). Officials from both national regulators discussed El Salvador’s crypto adoption and cooperation opportunities. ","title":"Argentina Eyes El Salvador's Crypto Journey: Learning from Bitcoin Adoption","content":"

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Argentina Studies El Salvador's Crypto Playbook

The National Securities Commission of Argentina (CNV), represented by President Roberto Silva and Vice President Patricia Boedo, had a meeting with El Salvador’s National Digital Assets Commission (CNAD) president Juan Carlos Reyes on May 23.

argentina and el salvador's officials meet to discuss crypto future

El Salvador’s CNAD President Juan Carlos (left) and Argentina’s CNV president Roberto Silva (right) in the meeting on May 23 (Source: argentina.gob.ar)

The meeting discussed the lessons El Salvador learned from being the global pioneer in adopting Bitcoin as an official national currency. CNV President Roberto Silva praised El Salvador's role as a leading force in the cryptocurrency industry and underscored the role of national regulatory agencies like CNV in regulating the emergent digital market.

The two countries are seeking to establish an official cooperation agreement on adopting and regulating cryptocurrencies in Argentina. News of this collaboration follows Argentina's recent efforts in regulating local digital asset markets under the newly appointed pro-Bitcoin President Javier Milei.

“El Salvador has emerged as a leading country in the use of Bitcoin and the broader world of crypto assets. We want to strengthen ties with the Republic of El Salvador, and therefore we will explore the possibility of signing collaboration agreements with their government,” stated CNV President Silva.

“Argentina is a pioneer in technology and the National Securities Commission understands and wants to work with the industry efficiently and create appropriate regulation,” said CNAD President Reyes.

Critics are speculating that this collaboration could potentially lead to a more controlled environment for cryptocurrency use, with Argentina as a starting point and potentially impacting the global landscape.

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El Salvador made history in September 2021 when it became the world's first to officially adopt Bitcoin as legal tender, placing the crypto alongside the US dollar, the country's existing currency. However, the adoption has faced challenges, with some citizens lacking trust in the cryptocurrency's volatility.

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","tags":[{"tag":{"tag":"Bitcoin","id_tag":"bitcoin"}},{"tag":{"tag":"Bitcoin Policy","id_tag":"bitcoin-policy"}}],"image":{"fileName":"argentina elsalvador.png"}}]

Argentina Eyes El Salvador's Crypto Journey: Learning from Bitcoin Adoption

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