<p><strong>The wind of crypto is blowing strongly in Latin America! Argentina, captivated by the prospects of digital assets, has initiated a strategic rapprochement with a major player in the sector: El Salvador. The goal of the operation? To learn from the pioneers and navigate the intricacies of the bitcoin economy.</strong></p>
<h2 id="h-el-salvador-the-spearhead-of-the-conspiracy">El Salvador, the spearhead of the conspiracy&nbsp;</h2>
<p>Since 2021, this small Central American country has been a true vanguard in the crypto world. Indeed, El Salvador became the first nation in the world to adopt bitcoin as an official currency, alongside the <a href="https://www.cointribune.com/en/thailand-and-china-ditching-the-dollar/" target="_blank" rel="noopener noreferrer nofollow">US dollar</a>.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>A revolutionary advancement that makes Salvadorans experts in their field. Their authorities even created a National Commission dedicated to digital assets to frame this new economy. This makes El Salvador an essential interlocutor for nations wishing to embrace crypto.</p>
<h2 id="h-argentina-under-the-crypto-influence"><strong>&nbsp;</strong>Argentina under the crypto influence</h2>
<p>Facing this Latin American spearhead of monetary destabilization, Argentina appears as a new prominent recruit in the conspiracy. Under the impetus of pro-bitcoin president Javier Milei, brought to power at the end of 2023, Buenos Aires began talks with its Salvadoran counterparts as soon as he took office.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://bitpanda.pxf.io/c/2801338/1295465/15871" target="_blank" rel="noopener noreferrer nofollow">Discover the Bitpanda platform</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<p>The officially stated reason was just a facade: to be inspired by El Salvador’s model in order to smoothly integrate crypto. But the intensive exchanges behind the scenes between the two South American capitals actually hide a much darker and more radical ambition. Indeed, they want to work together to <a href="https://www.argentina.gob.ar/noticias/reunion-con-la-comision-nacional-de-activos-digitales-cnad-de-el-salvador-en-cnv" target="_blank" rel="noopener noreferrer nofollow">make bitcoin the new single currency</a>, challenging the supremacy of the dollar and sovereign currencies.</p>
<p>The beginnings of this ominous strategy are starting to come to light. Recently, Argentine Foreign Minister Diana Mondino mentioned the upcoming legalization of crypto payments nationwide. A decisive first step towards the creeping erosion of the dominance of the traditional financial system.</p>
<p>The dialogue between Buenos Aires and San Salvador illustrates the rise of crypto in Latin America. Drawing from El Salvador’s pioneering experience, Argentina hopes to integrate these new financial rails with ease. A mutual collaboration, which outlines a future where <a href="https://www.cointribune.com/en/crypto-60-of-americans-dont-understand-it/" target="_blank" rel="noopener noreferrer nofollow">virtual currencies</a> have fully earned their stripes.</p>

Crypto: Here is the huge conspiracy being organized by Argentina with El Salvador!

Table of Contents

Cointribune EN

Other articles published on May 28, 2024

Ethereum Founder Vitalik Buterin: Venture Capitalists Hinder AI Progress

Crypto Memecoin Created With ChatGPT Rockets To $607 Million Market Cap

Shiba Inu Investor Turns $2,625 into $1.1 Million? Here is How

Analyst Jason Pizzino Names Four Strong Altcoins in the Market Including Solana (SOL) and Pepe (P...

Anime Foundation’s Web3 Manga Synergy: Revolutionizing Partnerships?

How Ethereum ETFs will help ETH finally cross $4.5K

Join our free newsletter for daily crypto updates!