The Argentine government began cooperation with El Salvador. The aim of this cooperation is to learn about the adoption of bitcoin and other solutions related to cryptocurrencies. What will be the fruits of this cooperation and will other countries follow this path?
Argentina wants to adopt bitcoin
El Salvador is known as the first country in the world to recognize bitcoin as its official currency. The country is extremely focused on the adoption of bitcoin, as evidenced not only by innovative investments such as the volcanic BTC mine, but also, for example, by a website for tracking BTC reserves. The Argentine government has decided to start working with El Salvador to learn from its experience in bitcoin adoption. Argentina's securities regulator, the National Securities Commission (CNV), met with El Salvador's National Digital Assets Commission (CNAD) to discuss cryptocurrency adoption and regulation in both countries.
At the meeting on May 23, CNV President Roberto Silva, CNV Vice President Patricia Boedo and CNAD President Juan Carlos Reyes discussed the experience of El Salvador as the first country to adopt BTC as a means of payment. Silva stated:
We want to strengthen ties with the Republic of El Salvador and therefore intend to explore the possibility of signing cooperation agreements with them.
CNV Vice President Boedo, who visited El Salvador in March to participate in market development meetings, emphasized the crucial role of El Salvador's experience in the cryptocurrency industry.
Will other countries also follow the path set by El Salvador?
Cryptocurrencies are no longer an economic curiosity. Not only an increasing number of investors, but also countries see the potential in digital assets. This fact is also caused by the constantly growing community of cryptocurrency enthusiasts, which means that countries cannot deny the existence of bitcoin. El Salvador has climbed very high in the adoption of bitcoin and is a kind of example of how bitcoin can be effectively introduced to co-create a financed system.
Bitcoin and Ethereum also stormed the American stock exchange, clearly showing that Wall Street no longer considers cryptocurrencies to be a necessary evil. This, in turn, opens a wide path to the successful adoption of bitcoin in other countries.
