El Salvador and Argentina are joining forces to foster the growth of the cryptocurrency sector in Latin America.
Juan Carlos Reyes, president of El Salvador's Comisión Nacional de Activos Digitales (CNAD), and Roberto Silva, head of Argentina's Comisión Nacional de Valores (CNV), signed a landmark agreement on Tuesday to collaborate on cryptocurrency regulation.
“At CNAD, we prioritize two main goals when it comes to international cooperation,” Reyes explained in an email to CoinDesk. “The first is sharing our expertise with global partners to help them benefit from a well-regulated industry. The second is expanding the international reach of our regulated companies by establishing strategic partnerships worldwide.”
Reyes emphasized the importance of this agreement, noting Argentina's reputation for technological innovation and its impressive crypto adoption rates.
Although the specifics of the partnership have not been disclosed, Reyes shared on LinkedIn that the focus will be on exchanging knowledge and experience between the two regulatory bodies to encourage crypto innovation.
“This collaboration between El Salvador and Argentina sets the stage for greater regional cooperation, creating a supportive environment for the growth of the digital asset industry,” he wrote.
El Salvador, under President Nayib Bukele’s leadership, became a trailblazer in crypto regulation by adopting Bitcoin as legal tender, giving the nation a unique advantage.
Meanwhile, Argentina’s President Javier Milei has demonstrated an ideological openness toward cryptocurrencies, including Bitcoin. His policies, aimed at tackling inflation, have resonated with the Argentinian crypto developer community.