In an effort to strengthen the digital asset ecosystem in Latin America, El Salvador and Argentina held the fourth cooperation meeting to boost the regulation, supervision, adoption of Bitcoin (BTC) and other cryptocurrencies. Cooperation focuses on the exchange of technical knowledge and experiences between the National Commission of Digital Assets (CNAD) of El Salvador and the National Securities Commission (CNV) of Argentina.
The meeting between the two institutions served for the CNAD to share its experience in the supervision and regulation of digital assets, highlighting the use of technological tools, The implementation of efficient entry controls and risk analysis. These practices have allowed the development of a solid ecosystem in El Salvador, making it a reference in the region.
The organism, through a Press noteHe explained that “the Digital Assets Emission Law was also presented, which has allowed El Salvador to position themselves as a global blockchain and digital assets. This legislation has created a reliable basis for the issuance of digital assets, attracting both local and international confidence ».
For his part, the president of the CNV of Argentina, Roberto Emilio Silva, recognized the leadership of the CNAD in this field and expressed the interest of his country to learn from the Salvadoran experience.
We strengthen ties of collaboration with a leading body in the regulation of virtual assets, such as CNAD. In Argentina we are working on the final regulation of the PSAVS and, in this sense, the exchange with officials of a pioneer country in the adoption of virtual assets, such as El Salvador, is enriching.
Roberto Emilio Silva, president of the CNV
Argentina is in Regular process to virtual asset services suppliers (PSAV) And he has approached El Salvador to guide his own regulation of the Bitcoin ecosystem and cryptocurrencies.
Cooperation between both nations also addresses common challenges such as fund custody and the need to establish standards that guarantee user safety in the digital ecosystem. The best practices for the creation of regulatory frameworks that balance innovation and consumer protection were discussed.
This meeting served to highlight the role of Latin America as a key region for the development of financial technologies. The alliance between El Salvador and Argentina represents an important step towards the construction of a secure and regulated digital asset ecosystem in Latin America. This mainly because they are one of the two countries with the highest adoption on a global scale.
By sharing knowledge and experiences, both countries seek to boost innovation and economic development in the region, while protecting users and foster confidence in this new industry.
Since May of last year cryptootics has reported these meetings. On the Salvadoran side, through Juan Carlos Reyes, head of the National Commission of Digital Assets (CNAD), this cooperation has been formalized that is taking Bitcoin to another level of recognition.
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