According to the official announcement of the National Securities Commission of Argentina (CNV), CNV held a meeting with the National Digital Assets Commission of El Salvador (CNAD) to discuss the adoption and regulation of currencies. electronics in these two countries.`
At the May 23 meeting, CNV President Roberto Silva, CNV Vice President Patricia Boedo and CNAD President Juan Carlos Reyes discussed El Salvador's experience in becoming the first country in the world to accept Bitcoin as a legal currency in September 2021.
The officials exchanged approaches and concepts on the use of cryptocurrencies in the global economy, focusing specifically on the case of Bitcoin in El Salvador.
Chairman CNV Silva emphasized that El Salvador has not only emerged as a global leader in Bitcoin adoption but is also an outstanding player in the broader cryptocurrency industry. He highlighted the importance of industry insights uncovered by CNAD, the agency that monitors and regulates the digital asset market in El Salvador. Silva stated:
"We want to strengthen our relationship with the Republic of El Salvador, and therefore we will explore the possibility of signing cooperation agreements with them."
CNV Vice President Boedo, who visited El Salvador to participate in market development meetings in March, emphasized the important role of El Salvador's expertise in developing the cryptocurrency industry.
"Argentina is a pioneer in technology and the National Securities Commission understands and wants to work with this industry effectively and create appropriate regulations," El Salvador official Reyes said.
The news comes as Argentina moves to regulate the local cryptocurrency market and pass registration requirements for crypto companies in April. The country has been aggressively moving into the market cryptocurrency since Bitcoin-friendly politician Javier Milei became president of Argentina in late 2023.
At the end of 2023, Argentina's Foreign Minister, Diana Mondino, said that the government is preparing a decree to legalize the use of Bitcoin and other cryptocurrencies in the country for payments under certain conditions .
VIC Crypto compiled
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