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 cryptocurrency adoption and regulation 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 of becoming the first country in the world to adopt Bitcoin as a 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 of the CNV emphasized that El Salvador has not only become a global leader in adopting Bitcoin but has also performed exceptionally 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 the adoption of Bitcoin but also in the wider cryptocurrency industry. We emphasize the importance of the industry insights discovered by the CNAD.”
Vice Chairman Boedo of the CNV previously visited El Salvador in March to participate in a conference on market development. He emphasized the crucial role of El Salvador’s expertise in the cryptocurrency industry. Chairman Reyes of the CNAD stated:
“El Salvador’s expertise in the cryptocurrency industry plays a key role in the market’s development. We appreciate the opportunity to exchange valuable information with the CNV.”
However, Stacy Herbert, the head of the National Bitcoin Office in El Salvador, supplemented this news on the X platform, stating that there were no Bitcoin policy discussions between the officials of the two countries. It was simply 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 as a currency for official contracts.
Related reports: “Argentinians are buying Bitcoin to hedge against inflation, major exchanges see highest Bitcoin purchases in 20 months” and “El Salvador mines 474 Bitcoins in 3 years using volcano energy, treasury receives $29 million.”
