Argentinian Regulators Hold Meeting with El Salvadoran Official to Investigate Adoption of Bitcoin and Cryptocurrencies
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Argentinian Regulators Hold Meeting with El Salvadoran Official to Investigate Adoption of Bitcoin and Cryptocurrencies

Argentinian government officials convened with the top crypto regulator of El Salvador 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, engaged in conversations with Juan Carlos Reyes, president of the National Commission of Digital Assets in El Salvador, regarding El Salvador’s decision to adopt Bitcoin (BTC) as legal tender in 2021. The Argentinian officials expressed their intentions to explore potential “collaboration agreements” with El Salvador, as stated in a government press release. Boedo commended El Salvador as a trailblazer in the realm of crypto assets. Meanwhile, Salvadoran President Nayib Bukele has persistently advocated for Bitcoin and the country currently possesses nearly $400 million worth of this leading crypto asset. In November, the Argentinian people elected outspoken libertarian Javier Milei as their president. Milei has been critical of central banks, viewing them as a means for politicians to impose inflation-based taxes on citizens, and he has hailed Bitcoin as a “natural reaction against the central bank scammers.” However, in March, the CNV introduced a mandatory registry for crypto service providers, a move that received criticism from certain stakeholders in the digital asset industry. Bitcoin advocate Max Keiser, for instance, referred to this policy as Milei’s “first major mistake” as president, arguing that he did not take the time to comprehend Bitcoin and will now face the consequences. Keiser and his wife, Stacy Herbert, both serve as senior advisors to El Salvador’s National Bitcoin Office.

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