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Home»Regulation»Argentinian Regulators Meet with El Salvador Official to Investigate Bitcoin and Crypto Adoption
Argentinian Regulators Meet with El Salvador Official to Investigate Bitcoin and Crypto Adoption
Regulation

Argentinian Regulators Meet with El Salvador Official to Investigate Bitcoin and Crypto Adoption

2024-05-28No Comments2 Mins Read
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Argentine government officials met with El Salvador’s top crypto regulator last week to discuss the role of digital assets in society.

Roberto E. Silva and Patricia Boedo, the president and vice president of the Comisión Nacional de Valores’ (CNV), Argentina’s market regulator, spoke with Juan Carlos Reyes, president of the National Commission for Digital Assets in El Salvador, about the Central -American the country’s decision to adopt Bitcoin (BTC) as legal tender in 2021.

Silva noted that Argentina plans to explore the possibility of signing “cooperation agreements” with El Salvador, according to a government press release. Boedo called the Central American country “a pioneer” in the field of crypto assets.

Salvadoran President Nayib Bukele has long been an outspoken advocate for Bitcoin, and the country currently owns nearly $400 million worth of the cryptocurrency.

Last November, Argentinians elected the outspoken libertarian Javier Milei as president. Milei has criticized central banks as a tool for politicians to tax their citizens through inflation, calling Bitcoin “a natural reaction against central bank scammers.”

However, in March, the CNV launched a mandatory register for crypto service providers, which was criticized by some digital asset stakeholders.

Bitcoin firefighter Max Keizer, for example, called the policy Milei’s “first big mistake” as president.

“He never took the time to understand Bitcoin, now he will have to suffer the consequences.”

Keizer and his wife, Stacy Herbert, both work as senior advisors for El Salvador’s National Bitcoin Office.

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