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Roberto E. Silva, head of the CNV, represented Argentina at the signing of the bilateral agreement.
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El Salvador reaffirmed its desire to strengthen cooperation on crypto assets.
Representatives of El Salvador and Argentina signed an agreement to promote the development of cryptocurrencies in Latin America, according to the official portal of the Argentine State.
Roberto E. Silva, president of the National Securities Commission (CNV) of Argentina, and Juan Carlos Reyes, head of the National Commission of Digital Assets (CNAD) of El Salvador, formalized the alliance on behalf of their respective countries.
The president of the CNV of Argentina stood out the influence of El Salvador in the field of crypto assets. «We celebrate the signing of this mutual collaboration agreement with the CNAD, since El Salvador has demonstrated leadership, not only in the use of Bitcoin/” target=”_blank” rel=”noreferrer noopener”>bitcoinbut also in the development of digital assets and their service providers,” commented Silva.
For his part, Juan Carlos Reyes went to LinkedIn to highlight: “El Salvador and Argentina will lay the foundations for greater regional cooperation, promoting a favorable environment for the development of the digital asset industry.” Likewise, he stressed that The agreement represents El Salvador’s commitment to innovation and the advancement of the industry.
Recognizing that digital assets transcend geographic borders, at CNAD, our goal is to establish collaborative agreements with nations around the world. 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.
Juan Carlos Reyes, president of the CNAD of El Salvador.
The first rapprochement between the organizations of both countries occurred last May, when Reyes visited Buenos Aires. During the meeting, Reyes was received by Roberto Silvawho at that time highlighted Salvadoran leadership in the adoption of bitcoin as legal tender. This was reported by CriptoNoticias.
The agreement occurs in a favorable context for the cryptoasset market, especially for bitcoin, which recently surpassed the USD 100 thousand barrier. Furthermore, the promise of the newly elected Donald Trump as president of the United States and his promise to create a bitcoin strategic reserve has placed the issue at the center of the world’s attention, generating interest in other nations that are already considering this possibility.
It is worth noting that in the last report from 21Shares, a company specialized in the development and management of financial products related to cryptocurrencies, It is mentioned that Argentina will probably follow in the footsteps of El Salvador on the adoption of bitcoin as a “strategic reserve asset”.
Meanwhile, the president of El Salvador, Nayib Bukele, can feel satisfied with bitcoin’s performanceafter for years both the international press and several multilateral organizations questioned his decision to bet heavily on the leading Cryptocurrency.
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