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Argentina Teams Up With El Salvador To Boost Crypto Adoption
Reason ^ | May 30, 2024 | Katarina Hall

Posted on 06/01/2024 5:28:00 AM PDT by Twotone

Argentine authorities are working with El Salvador, a pioneering nation in bitcoin adoption, aiming to boost cryptocurrency adoption in Argentina.

High-ranking officials from Argentina's National Securities Commission (CNV), the country's securities regulator, met with El Salvador's National Commission of Digital Assets on May 23 to discuss the use of cryptocurrencies, according to an official announcement by the CNV. The talks focused on El Salvador's experience in adopting bitcoin and its regulatory framework.

"El Salvador has emerged as one of the leading countries, not only in the use of bitcoin, but it has also stood out in the world of crypto assets. It has created a specific commission, the National Commission of Digital Assets (CNAD), and therefore has an experience that is very valuable for the CNV at this time," said Roberto E. Silva, president of the CNV.

Under President Nayib Bukele, El Salvador made history by becoming the first country to adopt bitcoin as legal tender in September 2021, using it alongside the U.S. dollar. At the same time, the country launched Chivo Wallet, a government-backed digital wallet, and gave $30 worth of bitcoin to citizens who signed up for it.

Since then, El Salvador has embarked on several ambitious projects to promote bitcoin use, including creating a bitcoin city powered by geothermal energy, issuing bitcoin bonds, and offering expedited citizenship to bitcoin investors.

To date, the country has mined 474 bitcoin and holds 5,756 bitcoin, valued at just under $400 million, according to a website that tracks El Salvador's bitcoin portfolio. Bukele has said he plans to keep growing El Salvador's holdings by buying one bitcoin every day.

In recent years, Argentina has also seen a surge in cryptocurrency adoption as its citizens seek refuge from the peso's depreciation and soaring inflation. And since Javier Milei became president of Argentina last year, the crypto sector has seen positive developments. Just a month after Milei took office, Minister of Foreign Affairs Diana Mondino legalized the use of bitcoin for settling contracts.

"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," Silva said about the recent meeting. The meeting follows a visit in March by CNV Vice President Patricia Boedo to El Salvador to discuss regulatory issues, indicating the interest of both countries in reaching some kind of agreement on crypto assets.

News of this collaboration between the two countries sent ripples through the crypto market, pushing bitcoin's value past the $70,000 mark. A formal partnership between Argentina and El Salvador could signal a major shift in Latin America's approach to digital assets, paving the way for broader crypto adoption.


TOPICS: Foreign Affairs; News/Current Events
KEYWORDS: argentina; bitcoin; elsalvador

1 posted on 06/01/2024 5:28:00 AM PDT by Twotone
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To: Twotone

When the Cryptocurrency Crisis hits it will bring down countries


2 posted on 06/01/2024 5:43:04 AM PDT by butlerweave
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To: algore; aMorePerfectUnion; amorphous; Andyman; ARGLOCKGUY; abishai; Betty Jane; BigpapaBo; ...

If YOU would like to be on a CRYPTO PING LIST, please pm me.

The Crypto Ping List covers the following:

Bitcoin
Ethereum
Other coins built on the Ethereum blockchain mining
etc.

Thanks! For it - or ag'in it, it'll be a wild ride.

3 posted on 06/01/2024 6:48:40 AM PDT by aMorePerfectUnion
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To: butlerweave
Yep, that's about the time I expect a Global Digital Currency - one for all nations - a New World Order Digital Currency - no borders - no exchange rates.

Now, will that be Right Hand? Or Forehead?




4 posted on 06/01/2024 6:56:58 AM PDT by SaveFerris (Luke 17:28 ... as it was in the Days of Lot; They did Eat, They Drank, They Bought, They Sold ......)
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To: butlerweave

The party really starts when international banks get deep into crypto.

The collapse will be epic.

Sea shells made better assets.


5 posted on 06/01/2024 7:05:36 AM PDT by cgbg ("Our democracy" = Their Kleptocracy)
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To: butlerweave

“When the Cryptocurrency Crisis hits it will bring down countries”

When the dollar Crisis hits it will bring down the world


6 posted on 06/01/2024 7:43:08 AM PDT by sergeantdave (AI training involves stealing content from creators and not paying them a penny)
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To: sergeantdave

“When the dollar Crisis hits it will bring down the world”

Yes, and much of the World knows it.


7 posted on 06/01/2024 8:41:34 AM PDT by Texas Fossil (Texas is not about where you were born, but a Free State of Heart, Mind and Attitude.)
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To: Twotone
This is one of the reasons that Xavier Milei is President of Argentina.

Another world-stage puppet with populist appeal - put into “power” to help usher in the New Order.

His background is economics and finance. The son of a bus driver and a homemaker - who went to private schools.

(Not a link…copy/paste url)
https://www.worldysnews.com/what-is-it-like-and-how-famous-were-students-of-cardenal-copello-the-school-where-javier-milei-studied-and-gave-a-speech-today/

2024-03-07 04:55:20

This morning, the president Javier Miley He officially inaugurated the beginning of the school year at the Cardenal Copello Institute, a religious school where the president spent his schooling between 1977 and 1988. Another President of the Nation and numerous celebrities also passed through the institution.

Wikipedia:

Milei obtained an economics degree (licentiate) from the private University of Belgrano and two master's degrees from the Instituto de Desarrollo Económico y Social [es] and the private Torcuato di Tella University.


Modern world leaders in general - are not for the little guy. They are where they are to assist the globalist/European elite to finally achieve what they’ve always wanted - complete, total and insurmountable control of humanity.

Cryptocurrency and digital assets - tracked and regulated - are a cornerstone of the New Order.

8 posted on 06/01/2024 11:37:04 AM PDT by yelostar (Spook codes 33 and 13. See them often in headlines and news stories. )
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To: yelostar

I thought bitcoin was a way to be out from under gov’t surveillance, which is why they’re trying to put it out of business & put in their own digital currency. Certainly we don’t want CBDC, because they really DO want that one to track & restrict our spending.

I think Javier Milei is one of the good guys. But all too often they are co-opted or corrupted. Time will tell.


9 posted on 06/01/2024 1:45:26 PM PDT by Twotone
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To: Twotone

Yelostar doesn’t know what he is talking about. Bitcoin is the anti-CBDC, and it is CBDC’s that he is talking about. Clueless.


10 posted on 06/01/2024 10:52:00 PM PDT by EnderWiggin1970
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To: butlerweave

If countries did not practice irresponsible monetary policy, this would not be a thing.


11 posted on 06/02/2024 7:37:29 PM PDT by KC_Conspirator
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