El Salvador Expands BTC Holdings: Collaborates With Argentina and Paraguay to Emphasize Latin America
Argentina and El Salvador have collaborated to promote cryptocurrency adoption in Latin America. This alliance unites Juan Carlos Reyes, the leader of El Salvador’s National Digital Assets Commission (CNAD), with Roberto Silva, the chairman of Argentina’s National Securities Commission (CNV). Local media confirmed this on March 26, 2025.
Regarding the partnership, Reyes commented, “Our international cooperation at CNAD has two primary objectives: to trading platform our knowledge with global partners and to price floor the growth of our regulated firms worldwide.”
Both nations have demonstrated a robust interest in adopting digital assets, although through varying strategies.
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Argentina Learns From El Salvador’s Experience
El Salvador gained recognition as the first country to accept BTC as legal tender in 2022. Recently, the nation also increased its BTC reserves.
BREAKING
EL SALVADOR INCREASED ITS TOTAL
HOLDINGS TO 5,690 Bitcoin, NOW
VALUED AT $397 MILLION.UPTREND
— Ash Crypto (@Ashcryptoreal) March 16, 2024
Nevertheless, President Nayib Bukele has frequently voiced concerns about the sluggish rate of crypto adoption.
In an interview with TIME Magazine, he expressed that, while the country’s BTC initiative has been beneficial, the rate of adoption has not met his expectations.
In contrast, Argentina has experienced increased crypto asset adoption among its populace, primarily driven by economic challenges and inflation worries. In December 2024, Argentina also entered into a Memorandum of Understanding (MoU) to “assist in developing the crypto sector” across both nations.
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El Salvador Enters Crypto Agreement With Paraguay
Paraguay is making strides toward cryptocurrency adoption. As part of this effort, Paraguay’s Secretaría de Prevención de Lavado de Dinero o Bienes (SEPRELAD) has formed a strategic alliance with El Salvador. The aim is to “achieve considerable regulatory advancement.”
“Both parties will cultivate relationships for technical cooperation between their respective authorities and aid in effective supervision of Digital Asset Service Providers (Virtual Assets), as well as the sharing of experiences and technical and regulatory knowledge on topics such as digital asset traceability, distributed record intelligence tools, entry controls for digital asset service providers, and risk analysis,” stated the agreement.
“This partnership not only promotes innovation but also safeguards financial integrity in a global economy,” Reyes remarked regarding the agreement with Paraguay.
Additionally, he emphasized that this strategic alliance is focused on enhancing international partnerships and maintaining financial integrity in an increasingly digital landscape.
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Key Takeaways
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El Salvador and Argentina have officially joined forces to enhance the digital asset ecosystem throughout Latin America.
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The strategic alliance focuses on several key initiatives that could transform the crypto asset scene in Latin America.
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El Salvador has also forged a partnership with Paraguay to “reach considerable regulatory advancement.”
The post El Salvador Adds More Bitcoin: Partners With Argentina, Paraguay To Focus On Latin America appeared first on 99Bitcoins.
