 El Salvador to extend crypto agreements beyond Argentina 
2024-12-12
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El Salvador has signed a mutual agreement with Argentina to help both countries strengthen their digital asset industries. The Bitcoin-friendly nation is also discussing similar agreements with over 25 countries.
On Dec. 11, Juan Carlos Reyes, the president of the National Commission of Digital Assets (NCDA) in El Salvador, announced the signing of a mutual collaboration and training agreement with Roberto Silva, the president of Argentina’s National Securities Commission (CNV). 
The agreement aims to strengthen the digital asset industries in El Salvador and Argentina.
Speaking to Cointelegraph, Reyes said Argentina’s robust and innovative blockchain industry and El Salvador’s technological expertise will “create a highly productive partnership.” 
Highlighting El Salvador’s three-year advantage over most countries in digital assets regulation, Reyes said, “One of the most significant immediate benefits will be information sharing, particularly since we have Argentine companies registered in El Salvador.”
Symbiotic partnerships for mutual benefit
El Salvador plans to refine its own regulatory framework and improve its understanding of the digital assets market through its partnership with Argentina. Additionally, Reyes told Cointelegraph that El Salvador regulators like himself are in talks with multiple nations for similar crypto-focused partnerships:
El Salvador seeks cross-border collaboration to further crypto adoption
To effectively collaborate with other nations, El Salvador has set up a team of over 20 members comprising Bitcoin BTCUSD experts and crypto-literate individuals.
Reyes strongly advised against delaying establishing rules and following Financial Action Task Force (FATF) recommendations, giving a clear message to regulators in other jurisdictions:
Reyes also told Cointelegraph that El Salvador is “nearing completion of two more agreements with other countries” while reinstating his team’s commitment to helping any nation interested in collaborating with El Salvador.
 “Our experience has shown that cross-border knowledge sharing is essential for creating a safe and effective regulatory environment, and we encourage other regulators to prioritize this approach,” he concluded.