The National Securities Commission of Argentina (CNV) confirmed this weekend that Argentinian regulators have been talking to their counterparts in El Salvador about Bitcoin (BTC) adoption.

According to an official notice from the Argentinian CNV and a report from Criptonoticias, top officials met with the head of El Salvador's National Digital Assets Commission last week.

Evaluating Cooperation Agreements

Officials from both nations are evaluating possible cooperation agreements on digital assets-related issues. High-ranking CNV officials have visited El Salvador to learn how the government regulates BTC. Criptonoticias remarked that the nations were forging an alliance, with Bitcoin at the center of the conversation.

Leadership and Experience

CNV President Roberto Silva met with the Salvadoran regulator's Vice President Patricia Boedo for the talks. The duo met with Juan Carlos Reyes, the President of El Salvador's National Commission for Digital Assets (CNAD).

Argentine officials wanted to learn more about the Salvadoran government's experience with adopting Bitcoin as legal tender. Silva praised the Salvadoran government for creating the CNAD. He said the nation had ' experience that is very valuable for the CNV at this moment.'

Strengthening Ties

Silva explained, 'We want to strengthen ties with El Salvador. So we will explore the possibility of signing collaboration agreements with [the Salvadoran government].'

Boedo visited El Salvador in March this year for preliminary technical meetings. The CNV has confirmed that she also spoke to her counterparts about key elements of Bitcoin regulation.

Pioneering Technology

Reyes commented that Argentina 'is a pioneer in the technology sector.' He added that the CNV wants to work efficiently with the Bitcoin and digital asset industries and create appropriate regulation. The move may come as some form of comfort for Argentina's Bitcoin and crypto communities.

Regulatory Challenges

Despite much talk about President Javier Milei's pro-Bitcoin views, Buenos Aires has apparently 'caved' into IMF pressure on crypto regulation.

The nation has announced a slew of crypto exchange-related regulations in a bid to appease the IMF and secure financial packages.

However, Criptonoticias noted that Argentina's rapprochement with El Salvador was opening up the possibility that new Argentinian regulation would be friendly and relatively unrestrictive.