Bitcoin

Read

<ul>
 <li>Argentina is learning from El Salvador’s Bitcoin adoption, with officials exchanging insights on regulatory challenges and successes.</li>
 <li>The National Securities Commission of Argentina met with El Salvador’s National Commission of Digital Assets to discuss crypto adoption and regulation.</li>
 <li>El Salvador’s CNAD president expressed willingness to share experiences and help Argentina in its regulatory efforts.</li>
</ul>
WatcherGuru, a crypto news reporter, asserts that Argentina is looking to learn from El Salvador’s experience with Bitcoin adoption and other cryptocurrencies. The Argentine government has been working with El Salvador to understand the challenges and successes associated with adopting Bitcoin as legal tender.
<a href="https://x.com/WatcherGuru/status/1795040012607635760" target="_blank" rel="noopener noreferrer nofollow">https://x.com/WatcherGuru/status/1795040012607635760</a>
The National Securities Commission (CNV) of Argentina <a href="https://www.argentina.gob.ar/noticias/reunion-con-la-comision-nacional-de-activos-digitales-cnad-de-el-salvador-en-cnv" rel="noopener noreferrer nofollow">met</a> with El Salvador’s National Commission of Digital Assets (CNAD) to discuss crypto adoption and regulation in both countries. The meeting took place on May 23 and included CNV president Roberto Silva, CNV vice president Patricia Boedo, and CNAD president Juan Carlos Reyes.
During the meeting, the officials discussed El Salvador’s journey as the first country to adopt Bitcoin as legal tender in September 2021. They exchanged ideas and approaches regarding the use of cryptocurrency in global economies, with a particular focus on El Salvador’s experience.
Roberto Silva highlighted El Salvador’s leadership in Bitcoin adoption and its broader impact on the cryptocurrency industry. He stressed the importance of insights gained by CNAD, which regulates the digital asset market in El Salvador. According to Silva, understanding these insights is crucial for Argentina’s regulatory efforts.
Patricia Boedo, who visited El Salvador in March to participate in meetings on market development, emphasized the importance of El Salvador’s expertise. She noted that Argentina aims to work efficiently with the industry to create appropriate regulations.
El Salvador’s CNAD president, Juan Carlos Reyes, acknowledged Argentina’s pioneering role in technology. He expressed El Salvador’s willingness to share its experience and help Argentina in its regulatory efforts.
This collaboration comes as Argentina moves forward with regulating its local cryptocurrency market. In April, Argentina <a href="https://www.argentina.gob.ar/noticias/la-cnv-crea-el-registro-de-proveedores-de-servicios-de-activos-virtuales-psav" rel="noopener noreferrer nofollow">passed</a> registration requirements for crypto firms. The country has been increasingly active in the crypto space since Bitcoin enthusiast politician Javier Milei became Argentina’s president in late 2023.
Argentina’s foreign affairs minister, Diana Mondino, announced in late 2023 that the government was preparing a decree to legalize the use of Bitcoin and other cryptocurrencies for payments under certain conditions.
<a href="https://x.com/DianaMondino/status/1737874320322424984" target="_blank" rel="noopener noreferrer nofollow">https://x.com/DianaMondino/status/1737874320322424984</a>
Bitcoin price, at the time of writing, is <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">$68,275.02</a>, with a 24-hour trading volume of $32.672 billion. Bitcoin is down 2.93% in the last 24 hours, with a market cap of $1.345 trillion. The circulating supply of Bitcoin is 19,704,590 BTC, with a maximum supply of 21 million BTC coins.
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/argentina-learns-from-el-salvador-on-bitcoin-adoption/" rel="noopener noreferrer nofollow">Argentina Learns From El Salvador on Bitcoin Adoption</a></li>
 <li><a href="https://cryptonewsland.com/stablecoins-lead-in-argentinas-crypto-purchase-race/" rel="noopener noreferrer nofollow">Stablecoins Lead in Argentina’s Crypto Purchase Race</a></li>
 <li><a href="https://cryptonewsland.com/worldcoins-orb-verification-skyrockets-in-argentina/" rel="noopener noreferrer nofollow">Worldcoin’s Orb Verification Skyrockets in Argentina: A Single-Day Record of 9,500 Users</a></li>
 <li><a href="https://cryptonewsland.com/argentinas-crypto-regulation-balancing-act-between-progress-and-concerns/" rel="noopener noreferrer nofollow">Argentina’s Crypto Regulation: Balancing Act Between Progress and Concerns</a></li>
 <li><a href="https://cryptonewsland.com/argentina-imf-bailout-anti-cryptocurrency-stance/" rel="noopener noreferrer nofollow">Argentina’s IMF Bailout Requires Anti-Cryptocurrency Stance</a></li>
</ul>
The post <a href="https://cryptonewsland.com/argentina-advances-crypto-regulation-following-el-salvadors-lead/" rel="noopener noreferrer nofollow">Argentina Advances Crypto Regulation Following El Salvador’s Lead</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.

Argentina Advances Crypto Regulation Following El Salvador’s Lead

Crypto News Land

Other articles published on May 28, 2024

When Will the SEC Approve Spot ETH ETF Registration Statements? ETF Expert Predicts Timeline

LINK Price Surges 7% As DTCC And Chainlink Wrap Up Pilot Program

Paridim, an institutional-grade DeFi platform on the XRP ledger, is announced by Anodos.

Why Did Mt. Gox Move Bitcoin?

Bitcoin investment inflows hit $1B as long-term holders accumulate

Top 4 Meme Coins To Watch With Buy Signals

Join our free newsletter for daily crypto updates!