ARGENTINA MAKING MOVES 🇦🇷
Argentina and El Salvador Engage in BTC Adoption Talks.
The government of Argentina is working with El Salvador to learn from its experience adopting Bitcoin.
According to an official report from the National Securities Commission of Argentina (CNV), regulators met with El Salvador to discuss how the government regulates BTC.
El Salvador’s CNAD president Juan Carlos Reyes (left) and Argentina’s CNV president Roberto Silva (right)
Back in 2021, El Salvador was the first country in the world to make Bitcoin legal tender.
And now it’s looking like Argentina may follow in their footsteps.
Roberto E. Silva, President of the CNV, had this say:
“El Salvador has emerged as one of the leading countries, not only in the use of Bitcoin but also has distinguished itself in the world of crypto-assets. It has created a specific commission, the National Digital Assets Commission (CNAD), and therefore has experience that is very valuable for the CNV at this time."
Roberto E. Silva - CNV President
Patricia Boedo, Vice President of the CNV backed these claims up with the following:
“I had the opportunity to exchange experiences during the visit to that country, and it seems essential to me to continue strengthening ties with a Republic that is a pioneer in the subject, and that has vast experience in the subject.”
Patricia Boedo - CNV Vice President
Will Argentina be the next country to make Bitcoin legal tender?
Possibly…
Back in late 2023, Bitcoin-friendly politician Javier Milei won Argentina’s presidential election.
And Argentina’s economy has been suffering with out of control inflation for a number of years.
Bitcoin may be the saving grace they need.