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 ideas and concepts on the use of cryptocurrencies in the global economy, with a particular focus on El Salvador’s Bitcoin case.
Chairman Silva emphasized that El Salvador has not only become a global leader in adopting Bitcoin, but has also excelled in the broader cryptocurrency industry. He highlighted the importance of the insights discovered by CNAD. Silva stated:
“El Salvador has become a benchmark not only for its adoption of Bitcoin, but for its performance in the wider crypto industry. The insights discovered by CNAD are of great importance.”
Vice Chairman Boedo had visited El Salvador in March to participate in a meeting on market development, and he emphasized the crucial role of El Salvador’s expertise in the crypto industry. Chairman Reyes of CNAD stated:
“El Salvador’s experience in the crypto industry has been instrumental in shaping discussions on global adoption and regulation. We look forward to further collaboration with CNV and sharing our insights.”
However, Stacy Herbert, 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 it was merely a routine information exchange between the two regulatory bodies regarding digital securities regulation.
At the time of this announcement, Argentina is advancing its 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, 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 Exchange Sees 20-Month High in Bitcoin Purchases” and “El Salvador Mines 474 Bitcoins in 3 Years Using Volcanic Energy, Treasury Receives $29 Million.”
