In meeting held today, Roberto E. Silva and Patricia Boedo, President and Vice President of Argentina’s National Securities Commission (CNV), engaged with Juan Carlos Reyes, President of El Salvador’s National Digital Assets Commission (CNAD), to discuss the groundbreaking experience of El Salvador as the first country in the world to adopt Bitcoin as legal tender.
The high-level discussions focused on the expanding role of Bitcoin in global economies, with a particular emphasis on El Salvador’s pioneering approach. In 2021, El Salvador made history by incorporating BTC, alongside the US dollar, as an official currency, positioning itself as a leader in the regional development of cryptocurrencies.
Dr. Silva highlighted El Salvador’s leadership in the Bitcoin space: “El Salvador has established itself as a global leader not only in the use of Bitcoin but also in the broader realm of digital assets. The creation of the CNAD is a testament to their commitment and experience, which is invaluable to the CNV at this time. We aim to strengthen our ties with El Salvador and are exploring potential collaboration agreements.”
Dr. Boedo, who recently visited El Salvador to participate in technical meetings on market development and regulatory key elements from March 12 to 14, added, “El Salvador’s experience in digital assets is remarkable. My visit allowed for an exchange of valuable insights, and it’s crucial that we continue to build our relationship with a nation that has a wealth of expertise in this area.”
Lic. Juan Carlos Reyes of CNAD expressed appreciation for Argentina’s technological advancements and the CNV’s proactive approach. “Argentina is a pioneer in technology. The CNV is keen on collaborating with the industry to develop efficient regulation. We value this connection with El Salvador’s CNAD, an innovative regulatory authority with extensive experience in digital assets, responsible for implementing a robust regulatory framework.”
The CNAD oversees all digital assets and financial instruments in El Salvador, while the Financial Superintendency and the Central Reserve Bank also regulate Bitcoin, given its status as an official currency.
This meeting marks a significant step towards enhanced cooperation between Argentina and El Salvador in the realm of digital assets and cryptocurrency regulation, paving the way for future collaborative efforts in this evolving financial landscape.