Argentinian Regulators in Talks with El Salvador
The National Securities Commission of Argentina (CNV) has confirmed discussions with El Salvador regarding Bitcoin adoption. According to an official notice from the Argentinian CNV and a report from Criptonoticias, top officials from both countries met last week to explore potential cooperation agreements on digital assets-related matters.
“The countries are evaluating possible cooperation agreements.”
High-ranking CNV officials visited El Salvador to understand the government’s approach to regulating BTC. An emerging “alliance, with Bitcoin at the center of the conversation,” is being forged between the nations. CNV President Roberto Silva and Vice President Patricia Boedo participated in the talks with Juan Carlos Reyes, the President of El Salvador’s National Commission for Digital Assets (CNAD).
Silva said: “We are keen to learn more about the Salvadoran government’s experience with adopting Bitcoin as legal tender.”
Boedo previously visited El Salvador for preliminary technical meetings. CNV officials discussed key elements of Bitcoin regulation with their Salvadoran counterparts, emphasizing the importance of efficient industry collaboration and appropriate regulation creation.
Reyes commented: “Argentina is a pioneer in the technology sector, and we want to work with the Bitcoin and digital assets industries efficiently.”
The Impact on Argentina’s Regulatory Environment
Despite President Javier Milei’s pro-Bitcoin stance, recent developments show Buenos Aires complying with IMF pressure on crypto regulation. The nation has introduced various crypto exchange-related regulations to secure financial packages.
“The rapprochement of Argentina and El Salvador is opening up the possibility for new Argentinian regulation to be friendly and relatively unrestrictive.”
