Argentine authorities are Serving Partnering with El Salvador, a pioneering Bitcoin adoption country, to promote cryptocurrency adoption in Argentina.
Senior officials from Argentina’s National Securities Commission (CNV) met with El Salvador’s National Commission on Digital Assets on May 23 to discuss the use of cryptocurrencies, according to Argentina’s securities regulator. Official Announcement Provided by CNV. The talks focused on El Salvador’s experience with Bitcoin adoption and its regulatory framework.
“El Salvador has become one of the leading countries, not only in terms of the use of Bitcoin, but also in the field of crypto assets. It has created a specialized committee, the National Council for Digital Assets (CNAD), so the current experience is important for CNV to come Said it was very valuable.
Under President Nayib Bukele, El Salvador made history by becoming the first country to adopt Bitcoin as legal tender in September 2021, using it alongside the U.S. dollar. At the same time, the country launched Chiwo Walleta government-backed digital wallet, has given away $30 worth of Bitcoin to the following citizens: register for it.
Since then, El Salvador has embarked on several ambitious plans to promote the use of Bitcoin, including the creation of a Bitcoin City Powered by geothermal energy, issued Bitcoin Bondand provide expedited service Country of Citizenship For Bitcoin investors.
So far, the country has mined 474 Bitcoins, holding 5,756 Bitcoins, worth nearly $400 million according to tracking site El Salvador Bitcoin Portfolio. Bukele says he plans to continue increasing El Salvador holdings Buy One Bitcoin per day.
In recent years, Argentina has also seen gushing The adoption of cryptocurrencies comes as its citizens seek refuge from the devaluation of the peso and soaring inflation. The cryptocurrency industry has seen positive developments since Javier Milei took office as Argentina’s president last year. A month after Milley took office, Foreign Affairs Minister Diana Mondino legalization Use Bitcoin to settle contracts.
“We want to strengthen our relations with the Republic of El Salvador and therefore we will explore the possibility of signing a cooperation agreement with them,” Silva said of the recent meeting. meeting to follow access In March, CNV Vice President Patricia Boedo traveled to El Salvador to discuss regulatory issues, indicating that the two countries were interested in reaching some kind of agreement on crypto assets.
News of the cooperation between the two countries sent shockwaves through the cryptocurrency market, driving Bitcoin higher value Passed the $70,000 mark. A formal partnership between Argentina and El Salvador could mark a major shift in Latin America’s approach to digital assets, paving the way for wider cryptocurrency adoption.
