Argentina and El Salvador are materializing an alliance that has bitcoin (BTC) at the center of the conversation. The National Securities Commission of Argentina (CNV) and the National Commission for Digital Assets of El Salvador (CNAD) held a meeting this week to exchange experiences regarding the regulation and adoption of BTC.
Roberto Silva and Patricia Boedo, president and vice president of the Argentine CNV, respectively, held a working meeting with Juan Carlos Reyes, president of the National Commission for Digital Assets (CNAD) of El Salvador.
The meeting served for Argentine officials to learn more details about the Salvadoran experience regarding the adoption of bitcoin as legal tender. YesIlva praised the leadership of the Central American country in this matter and raised the possibility of strengthening ties.
“El Salvador has emerged as one of the leading countries, not only in the use of bitcoin, but has also stood out in the world of crypto assets. It has created a specific commission, the National Commission for Digital Assets (CNAD)and therefore has an experience that is very valuable for the CNV at this time,” said the president of the CNV.
And he added: “We want to strengthen ties with the Republic of El Salvador and therefore, we are going to explore the possibility of signing collaboration agreements with them.”
Thursday was not the first approach that both governments have had in relation to bitcoin and its adoption. In March, the vice president of the CNV visited El Salvador to participate in technical meetings and learn about key elements of the regulation.
On the Salvadoran side, Reyes declared that Argentina has been a pioneer in technology and that the CNV understands and “wants to work with the industry efficiently and create appropriate regulation.”
The CNAD regulates all digital assets and digital financial instruments, but the Financial Superintendence and the Central Reserve Bank of El Salvador are also regulators of BTC because it is its official currency.
Cryptocurrency regulation advances: CNV finalizes details to regulate the registration of local exchanges
After the approval of the Money laundering prevention law in the Senate, the National Securities Commission (CNV) confirmed that it is working to adapt and implement the scope of the law that reforms the National Regulatory System for the Prevention of Money Laundering and Financing of Terrorism (ML/FT).
Law No. 27,739, approved on March 14 in the Senate, reforms Law No. 25,246 of Prevention of Money Launderings, the Financing of Terrorism and the Proliferation of Weapons of Mass Destructionsanctioned in 2000.
The reform establishes new powers for the CNV, among them the creation of the Registry of Virtual Asset Service Providers (PSAV)through which it will centralize adequate, precise and updated information on all human and legal persons that are providers of virtual records.
In addition, the organization will exercise the functions of supervision, regulation, inspection, oversight and sanction of said suppliers. The sanction of the Law and its promulgation occurs within the framework of the Fourth Round of Mutual Evaluation of Argentina of FATF/GAFILAT.
Source: Ambito
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