Originally published on: December 12, 2024
El Salvador has solidified its position as a global leader in the digital asset industry by signing a groundbreaking collaboration with Argentina. This strategic partnership aims to bolster the development of both countries’ digital asset ecosystems, setting the stage for further innovation and growth.
Juan Carlos Reyes, the visionary leader of El Salvador’s National Commission of Digital Assets (NCDA), and Roberto Silva, president of Argentina’s National Securities Commission (CNV), joined forces to cement this historic agreement. Their shared vision is to leverage Argentina’s thriving blockchain sector and El Salvador’s technological prowess to create a dynamic and fruitful partnership.
Reyes highlighted El Salvador’s pioneering three-year head start in digital assets regulation, emphasizing the immediate benefits of information sharing with Argentine companies operating in El Salvador. This collaboration will not only enhance El Salvador’s regulatory framework but also deepen its understanding of the evolving digital assets market.
In a bid to further expand its global footprint, El Salvador is actively engaging with over 25 countries to establish similar crypto-focused partnerships. To facilitate seamless collaboration, El Salvador has assembled a dedicated team of over 20 experts in Bitcoin and cryptocurrency.
Reyes underscored the urgency of adopting clear regulations and adhering to FATF guidelines, cautioning regulators worldwide against delays. He also revealed that El Salvador is on the verge of finalizing agreements with two more countries, underscoring the country’s unwavering commitment to fostering international partnerships.
As El Salvador continues to blaze a trail in the digital asset landscape, Reyes urged regulators worldwide to prioritize cross-border knowledge sharing to create a secure and efficient regulatory environment. This collaborative approach, he emphasized, is key to driving innovation and unlocking the full potential of the digital asset industry.
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