The partnership between El Salvador and Argentina aims to share knowledge and experience between their regulatory bodies, promoting innovation in the digital asset industry. The agreement is expected to have a positive impact on the development of the crypto industry in Latin America.
Published on December 10, 2024
Background
The partnership aims to share knowledge and experience between the two countries’ regulatory bodies. This collaboration is expected to promote innovation in the digital asset industry.
Key Points
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El Salvador has a head start on most countries in terms of crypto regulation, thanks to President Nayib Bukele making bitcoin legal tender.
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Argentinian President Javier Milei is open to cryptocurrencies and bitcoin, with policies aimed at mitigating inflation.
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The agreement will enable the two regulatory bodies to share knowledge and experience, spurring crypto innovation.
Quote from Juan Carlos Reyes
“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.”
This partnership is expected to have a positive impact on the development of the crypto industry in Latin America.
According to Reyes, CNAD has two core objectives when it comes to international collaboration: sharing expertise with international partners to enable them to harness the benefits of a well-regulated industry, and broadening the international footprint of their regulated companies by forging strategic partnership agreements with nations worldwide.
Reyes previously mentioned that El Salvador had a head start on most countries in terms of crypto regulation thanks to President Nayib Bukele making bitcoin legal tender in the Central American nation. Argentinian President Javier Milei has also been ideologically open to cryptocurrencies and bitcoin, and is popular among Argentinian crypto developers for his inflation-mitigating policies.
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The deal aims to share knowledge and experience between the two regulatory bodies
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Collaboration will promote a favorable environment for the development of the digital asset industry in Latin America
El Salvador and Argentina Regulators Sign Agreement to Help Develop Crypto Industry
