Officials claim report According to the National Securities Commission of Argentina CNV (Argentina), regulatory officials from Argentina met their counterparts from El Salvador in order to discuss Bitcoin (BTC). Last week, officials of the CNV in Argentina met with El Salvador’s National Digital Assets Commission to discuss the regulation of BTC.
CNV President Roberto Silva met with Juan Carlos Reyes of El Salvador’s National Commission for Digital Assets. As per the report, both nations are forming an ‘Bitcoin is at the heart of this discussion.‘
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Silva stated, ‘El Salvador is one of the leaders in Bitcoin usage, and also the adoption of Bitcoin in general. [wider] Crypto assets: a new world.‘ The CNV President further added, ‘We would like to deepen our relationship with El Salvador. In order to do this, we’ll explore the option of signing collaboration contracts with [the Salvadoran government].‘
Reyes highlighted that the CNV ‘Wants to know more? work The cheapest way to buy a car is by using the [digital asset] Create a regulatory framework that is effective and efficient for the industries.‘
Bitcoin can boost Argentina’s economy.
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Argentina’s economic situation has been severely affected over the last couple of years. The country’s inflation rate has reached triple-digit percentages. A report by the government states that in March, the economic activity of the country decreased 8.4% compared to a year ago. This was the fifth consecutive monthly decline and the largest since 2020.
Argentina elected Javier Milie to be the new President in November of 2023. Milie has been a staunch Bitcoin (BTC), and he expressed a willingness to dollarize Argentina’s economy, while refusing to accept an invitation from the BRICS Alliance (Brazil Russia India China South Africa). Milie made recent headlines for preferring BTC to the US dollar.
Also Read: BRICS: Argentina Ditching US Dollar for Bitcoin
Bitcoin (BTC’s) recent rise in popularity may have caused the new President to reconsider his approach. El Salvador sits on nearly $84m in profits after BTC reached an all-time peak of $1,050m last March.
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Source: watcher.guru