El Salvador and Argentina are partnering to assist develop the crypto trade in Latin America.
Juan Carlos Reyes, El Salvador’s prime crypto regulator and president of the Comisión Nacional de Activos Digitales (CNAD), and Roberto Silva, the president of the Comisión Nacional de Valores of Argentina (CNV), on Tuesday signed an settlement for the 2 nations to collaborate on crypto regulation.
“At CNAD we have two core objectives, when it comes to international collaboration,” Reyes instructed CoinDesk in an e-mail. “To share our expertise with international partners, enabling them to harness the benefits of a well-regulated industry. … [And] to broaden the international footprint of our regulated companies by forging strategic partnership agreements with nations worldwide.”
“This landmark agreement with Argentina holds particular significance, given the country’s standout reputation for pioneering innovative technologies and its remarkable rate of adoption,” Reyes added.
Whereas the main points of the deal are nonetheless unknown, Reyes acknowledged on LinkedIn that the settlement aimed to allow the 2 regulatory our bodies to share data and expertise, to spur crypto innovation.
“The joining of efforts between El Salvador and Argentina will lay the foundations for greater regional cooperation, promoting a favorable environment for the development of the digital asset industry,” he wrote.
Reyes beforehand instructed CoinDesk that El Salvador had a head begin on most nations when it comes to crypto regulation due to President Nayib Bukele making bitcoin authorized tender within the Central American nation.
Argentinian President Javier Milei, in the meantime, has been ideologically open to cryptocurrencies and bitcoin and is fashionable amongst Argentinian crypto builders for his inflation-mitigating insurance policies.
