President Javier Milei’s administration seems adamant about establishing clear rules for cryptocurrency companies setting up in Argentina. The CNV, Argentina’s securities and digital currency regulator, has recently partnered with its partner institution in El Salvador, the CNAD, to collaborate and exchange information regarding supervising and regulating virtual asset service providers (VASPs).

According to a press release, this agreement will serve to “promote the integrity, efficiency, and financial soundness of supervised entities, improving effective regulation and creating an enabling environment for the prevention of fraudulent and other prohibited practices.”

Roberto Silva, CNV’s president, highlighted the relevance of this partnership, remarking on the Salvadoran institution’s expertise in the digital asset regulation field. On this, he declared:

El Salvador has shown leadership, not only in the use of bitcoin, but also in the world of digital assets and their service providers. from the CNV, we want to work with them for their valuable experience.

The agreement follows a series of meetings between officials of the two institutions held in March and May to discuss possible collaborations on these issues.

Read more: Argentine Officials Met With Salvadoran Regulators to Discuss Bitcoin Adoption and Regulation

El Salvador has the advantage of having one of the most comprehensive cryptocurrency regulatory frameworks, encompassing bitcoin as a legal tender and activities such as tokenization.

The CNV recently started playing its role as a VASP regulator in Argentina, having prepared the first VASP registry for exchanges after the introduction of the idea in 2022. The first version of the registry was launched officially in June, authorizing 35 companies to operate on Argentine soil, with four international exchanges in this first group.

Read more: Argentina Officially Launches Virtual Assets Service Providers Registry

Milei has advanced a series of actions focused on opening traditional Argentine financial markets to crypto. Recently, the CNV greenlighted the introduction of foreign crypto exchange-traded funds (ETFs) in national stock markets.

Read more: Argentina Opens Foreign Crypto ETF Investment Opportunities

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。