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The National Securities Commission of Argentina (CNV) confirmed the country is considering cooperating with El Salvador on Bitcoin adoption. This follows an important meeting between Argentinian and Salvadoran regulators last week.

Officials from Argentina’s CNV met with Juan Carlos Reyes, head of El Salvador’s National Digital Assets Commission (CNAD), to discuss El Salvador’s Bitcoin regulation strategies.

Learning from El Salvador’s Experience

High-ranking CNV officials, including President Roberto Silva and Vice President Patricia Boedo, visited El Salvador. The President highlighted Argentina’s proactive stance in learning and praised El Salvador’s progress in forming cooperation agreements.

“El Salvador has emerged as a leading country in the use of Bitcoin and the broader world of crypto assets. We want to strengthen ties with El Salvador. We will explore signing collaboration agreements with their government,” Silva stated.

The CNV’s efforts could relieve Argentina’s Bitcoin community. Despite President Javier Milei’s pro-Bitcoin stance, Buenos Aires faces pressure from the IMF to regulate crypto exchanges.

The country faces severe economic challenges, including high inflation and currency depreciation, have spurred Bitcoin trading. Crypto adoption has increased since 2017, with many using it for everyday transactions. The country has also seen a rise in crypto startups, offering innovative solutions to economic challenges.