El Salvador and Argentina Forge Crypto Regulation Partnership

Regulatory authorities in El Salvador and Argentina have signed an agreement to collaborate on cryptocurrency regulation, as reported by CoinDesk.

The agencies plan to exchange knowledge and experience in this sector.

The document was signed by Juan Carlos Reyes, head of El Salvador’s National Commission for Digital Assets, and Roberto Silva, president of Argentina’s National Securities Commission (CNV).

In an interview, Reyes noted that the agreement will enable the country to expand its presence through strategic partnerships.

“The joint efforts of El Salvador and Argentina will lay the groundwork for closer regional cooperation, fostering favorable conditions for the development of the digital asset industry,” the official explained.

Discussions on cooperation between the regulators of the two countries began in March 2024.

In September 2021, El Salvador recognized Bitcoin as legal tender. According to CNV representatives, the jurisdiction has also become a “pioneer in cryptocurrency development in the region.”

Back in November 2023, Javier Milei, a Bitcoin advocate, became the president of Argentina.

Subsequently, the government approved the use of digital gold as a currency for contracts. However, the tax amnesty proposed by Milei for crypto asset holders was rejected by lawmakers.

In November 2024, Maya Parbho, a presidential candidate in the South American republic of Suriname for the 2025 elections, announced plans to recognize Bitcoin as legal tender.