Argentina dreams of learning from El Salvador’s Bitcoin success.

The government of Argentina is working with El Salvador to learn from the experience of Bitcoin (BTC) adoption and other crypto activities.

Argentina's securities regulator, the National Securities Commission (CNV), held a meeting with El Salvador's National Commission for Digital Assets (CNAD) on the adoption and regulation of crypto in the two countries, according to the CNV's official announcement.

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 of becoming the first country in the world to accept Bitcoin as legal tender in September 2021.

The authorities exchanged approaches and concepts for the use of cryptocurrency, focusing in particular on the case of Bitcoin in El Salvador.

CNV President Silva El Salvador has emerged as a global leader in Bitcoin adoption. It appeared. He highlighted the importance of industry insights gained by CNAD, which oversees and regulates the digital asset market in El Salvador. Silva said:

“We want to strengthen relations with the Republic of El Salvador, and therefore we will examine the possibility of signing cooperation agreements with them.”

CNV Vice President Boedo, who visited El Salvador in March to participate in meetings on market development, emphasized the vital role of El Salvador's expertise in the crypto industry.

“Argentina is a pioneer in technology and the National Securities Commission understands that and wants to work effectively with the industry and create appropriate regulation,” El Salvador official Reyes said.

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The news comes as Argentina moves forward with regulating the local cryptocurrency market and passing registration requirements for crypto companies in April. The country is actively getting into cryptocurrency after Bitcoin-friendly politician Javier Millay becomes president of Argentina at the end of 2023.

In the year By the end of 2023, Argentina's Minister of Foreign Affairs, Diana Mondino, said that the government is preparing a decree to legalize the use of Bitcoin and other cryptocurrencies in the country under certain conditions.

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