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.

You might be interested in:
21.06.2024

Iran ready to launch digital rial

Iran launches digital rial: learn about the features of the new CBDC, its application in tourism and technical aspects. How will digital currency change the country's financial system in the coming years?
21.06.2024

Italy tightens control over the cryptocurrency industry

Italy is tightening control over the cryptocurrency industry: new fines, mandatory registration and restrictions for traders. Find out how regulatory changes will impact crypto businesses and investors in the country.
12.06.2024

JPMorgan: New US Bill Threatens Future of Stablecoins

A new bill in the US could increase control over stablecoins and the crypto industry. JPMorgan warns of problems for private digital currencies, and commercial banks may be required to refuse to process stablecoin transactions. Crypto businesses are calling for the legalization of the blockchain sector, fearing companies leaving for other jurisdictions.
10.06.2024

Revocation of license from crypto exchange Zipmex in Thailand

Crypto exchange Zipmex has lost its license in Thailand. The SEC found violations, including the transfer of client funds to foreign accounts without notifying the regulator. The former CEO of Zipmex is accused of fraud. The exchange must cease operations and return assets to clients as soon as possible.
Related Topics
Crypto in Estonia
Crypto license in Hong Kong
Crypto Regulations in Hong Kong
Crypto Regulations in the US
Crypto-Friendly Banks
Cryptocurrency in Hong Kong
Cryptocurrency License
Cryptocurrency License in Estonia
cryptocurrency license in Malta
cryptocurrency license in the USA
Obtaining a cryptocurrency license
Popular
21.06.2024

Iran ready to launch digital rial

Iran launches digital rial: learn about the features of the new CBDC, its application in tourism and technical aspects. How will digital currency change the country's financial system in the coming years?
21.06.2024

Italy tightens control over the cryptocurrency industry

Italy is tightening control over the cryptocurrency industry: new fines, mandatory registration and restrictions for traders. Find out how regulatory changes will impact crypto businesses and investors in the country.
12.06.2024

JPMorgan: New US Bill Threatens Future of Stablecoins

A new bill in the US could increase control over stablecoins and the crypto industry. JPMorgan warns of problems for private digital currencies, and commercial banks may be required to refuse to process stablecoin transactions. Crypto businesses are calling for the legalization of the blockchain sector, fearing companies leaving for other jurisdictions.
10.06.2024

Revocation of license from crypto exchange Zipmex in Thailand

Crypto exchange Zipmex has lost its license in Thailand. The SEC found violations, including the transfer of client funds to foreign accounts without notifying the regulator. The former CEO of Zipmex is accused of fraud. The exchange must cease operations and return assets to clients as soon as possible.
To help improve your experience of our website we would like to use cookies. This means we collect some information on your activity while you are on the website. For more information read more about our use of cookies here, your setting can be changed at any time. Please accept our use of cookies and help us improve your experience.