Government officials from Argentina recently met with the top crypto regulator in El Salvador to discuss the role of digital assets in society. Roberto E. Silva and Patricia Boedo, president and vice president of Argentina’s market regulator, the Comisión Nacional de Valores (CNV), held discussions with Juan Carlos Reyes, president of the National Commission of Digital Assets in El Salvador. The meeting focused on El Salvador’s decision to adopt Bitcoin as legal tender in 2021. Silva expressed Argentina’s interest in signing “collaboration agreements” with El Salvador, while Boedo praised the country as a pioneer in the crypto asset space.
El Salvador’s President, Nayib Bukele, has been a strong advocate for Bitcoin for a long time, and the country currently holds nearly $400 million worth of the cryptocurrency. Meanwhile, in Argentina, libertarian Javier Milei was elected as president last November. Milei has been critical of central banks, considering them as tools for politicians to tax citizens through inflation. He sees Bitcoin as a natural response to the scams perpetrated by central banks.
However, in March, the CNV introduced a mandatory registry for crypto service providers, which received criticism from some stakeholders in the digital asset industry. Max Keiser, a prominent Bitcoin advocate, called this policy Milei’s “first major mistake” as president, arguing that Milei failed to understand Bitcoin and would now suffer the consequences.
Keiser and his wife, Stacy Herbert, both serve as senior advisors to El Salvador’s National Bitcoin Office. They have been vocal supporters of Bitcoin and have criticized Milei’s approach to crypto regulation in Argentina.
Please note that the opinions expressed in this article are not investment advice, and readers should conduct their own research before making any high-risk investments in Bitcoin or other cryptocurrencies. Transfers and trades in digital assets are undertaken at the individual’s own risk, and any resulting losses are the responsibility of the investor. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets and is not an investment advisor.
