El Salvador authorities are in talks with Argentinian regulators about Bitcoin adoption. The news was confirmed by the CNV (National Securities Commission of Argentina).
According to an official notice, the CNV confirmed that top officials from both parties had a meeting recently. The parties are trying to evaluate possible cooperation terms on virtual assets-related concerns.
Top-ranked CNV officials met with El Salvador authorities to learn how the government regulates Bitcoin. The crypto community is already calling it an alliance with BTC at the epicenter.
Roberto Silva, the CNV President, met Patricia Boedo, the regulator’s Vice President. The duo joined Juan Carlos Reyes, the CNAD’s (National Commission for Digital Assets) President.
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Argentinian officials are learning more about El Salvador’s experience with Bitcoin’s adoption as a legal tender. The country has emerged as a leader not only in using Bitcoin but also in the overall use of crypto assets.
According to Silva, the Salvadoran government must be praised for establishing the CNAD. The CNV President believes that CNAD’s experience is pivotal for CNV right now. The authority intends to strengthen ties with El Salvador and explore possibilities of collaborative agreements.
Patricia Boedo also visited El Salvador back in March for standard technical meetings. The CNV also confirmed that Boedo had an extensive discourse about Bitcoin regulation during the visit.
Juan Reyes also stated that Argentina is a technology pioneer. Now, the CNV wants to indulge in Bitcoin and digital assets. To do that, it is crucial to establish apt regulatory guidelines.
As expected, the constant development entices Argentinian traders to invest in crypto assets. At the same time, the move comes with comforting news for BTC and crypto communities.
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In other news, there are rumors that President Javier Milei has caved into IMF pressure on cryptocurrency regulation. No official statement has been made on the matter, so it is all speculation.
