El Salvador and Argentina Regulators have entered into an agreement that will foster crypto development in Latin America.
Per a CoinDesk report, both pro-crypto nations entered a strategic partnership on Tuesday to work on regional crypto regulation.
Juan Carlos Reyes, El Salvador’s leading crypto regulator and president of the Comisión Nacional de Activos Digitales (CNAD), and Roberto Silva, president of Argentina’s Comisión Nacional de Valores (CNV), are leading this initiative.
Reyes shared two key objectives of CNAD, in terms of international collaboration.
“To share our expertise with international partners, enabling them to harness the benefits of a well-regulated industry,” he noted. “To broaden the international footprint of our regulated companies by forging strategic partnership agreements with nations worldwide.”
In a LinkedIn post, Reyes wrote that the joint efforts between the nations will share “knowledge and expertise to support regulatory development and innovation.”
“This moment marks an important step towards consolidating our collaboration and reflects our commitment to innovation and progress in the industry.”
El Salvador, the first nation to adopt Bitcoin as a legal tender, aims to establish collaborative agreements with nations worldwide.
“Our goal is to ensure that, while digital assets flow without barriers, regulation is also harmonious and limitless, promoting a global ecosystem of innovation, security, and prosperity.”
Argentina Could Follow El Salvador in Making Bitcoin as Legal Tender
The strategic partnership follows a recent prediction by 21 Shares, one of the largest providers of crypto exchange-traded products (ETP).
The financial services firm forecasted that countries like Argentina may likely follow El Salvador’s footsteps in Bitcoin Adoption.
Per 21 Shares Annual Market Outlook report, Bitcoin’s recent growing recognition as a legit financial asset is luring countries like Argentina to embrace the digital asset.
“In 2025, 21Shares research indicates that countries like Argentina could adopt Bitcoin as a strategic reserve asset,” the company predicted.
Further, El Salvador government has accumulated Bitcoin in its national reserves, with President Bukele frequently purchasing during price dips. Last month, the value of these reserves were more than $600 million, a 127% gain, Bukele posted on social media.
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