Despite El Salvador becoming the first country in the world to recognize Bitcoin (BTC) as a payment instrument in 2021, Argentina is outpacing it in terms of the adoption rate of the largest cryptocurrency. This was reported by Ark Invest, a company specializing in investments in innovative technologies.
Argentina’s National Securities Commission studies El Salvador’s experience
The National Securities Commission of Argentina (CNV) is actively studying El Salvador’s experience in regulating cryptocurrency transactions. The president of CNV, Roberto Silva, and his deputy, Patricia Bozdo, held talks with the head of the Salvadoran National Bureau for Cryptoassets and Related Services (CNAD), Juan Carlos Reyes, according to local media reports.
Argentina considers options for cryptocurrency regulation
Although Argentina has not yet decided on the legalization of Bitcoin, the country’s authorities are considering various options for a regulatory framework for the cryptocurrency market. Argentina’s President, Javier Milei, has repeatedly stated that BTC provides people with economic freedom and can become an instrument for attracting investments into the country’s economy.
The government of Argentina also plans to create favorable conditions for the development of projects in the field of decentralized technologies. This could be an important step towards the adoption of cryptocurrencies and blockchain in various sectors of the economy.
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