New Crypto Alliance: Argentina Partners with El Salvador on Asset Rules

Argentina has partnered with El Salvador to enhance cryptocurrency regulation, leveraging the latter’s expertise in managing digital assets.

The collaboration, formalized through an agreement between Argentina’s CNV and El Salvador’s CNAD, aims to improve supervision of virtual asset service providers (VASPs) and foster fraud prevention. This partnership builds on El Salvador’s leadership in integrating Bitcoin as legal tender and implementing comprehensive crypto regulations.

Under President Javier Milei, Argentina is accelerating efforts to regulate and attract crypto companies, including launching a VASP registry and introducing foreign crypto ETFs to its stock markets.

Clever Robot News Desk 14^th December 2024