Umair
El Salvador and Argentina have partnered to increase crypto adoption in Latin America. The partnership brings together Juan Carlos Reyes, who heads El Salvador’s National Digital Assets Commission (CNAD), and Roberto Silva, chairman of Argentina’s National Securities Commission (CNV). This was confirmed by local media reports on 26 March 2025.
Commenting on the partnership, Reyes said, “We have two main goals under international cooperation at CNAD: to share our expertise with international partners and to facilitate the expansion of our regulated companies globally.”
Both countries have shown strong interest in embracing digital assets, albeit through different approaches.
DISCOVER: Top Solana Meme Coins to Buy in March 2025
Argentina Takes A Leaf From El Salvador’s Page
El Salvador is popular for being the first nation to adopt Bitcoin as legal tender in 2022. In fact, just a few days ago, the country added more Bitcoin to its reserve.
BREAKING
EL SALVADOR INCREASED ITS TOTAL
HOLDINGS TO 5,690 BITCOIN, NOW
VALUED AT $397 MILLION.BULLISH
pic.twitter.com/SAoSsC5diM
— Ash Crypto (@Ashcryptoreal) March 16, 2024
However, President Nayib Bukele has consistently expressed concerns over the slow adoption rate of crypto.
In a TIME Magazine interview, he said that while the country’s Bitcoin strategy has been positive for the country, the adoption rate has fallen short of what he had expected.
Meanwhile, Argentina has seen growing cryptocurrency adoption among its citizens, largely driven by economic instability and inflation concerns. However, in December 2024, Argentina signed a Memorandum of Understanding (MoU) “to help develop the crypto industry” in both countries.
EXPLORE: 10 Coins with High Returns: Crypto Forecast 2025
El Salvador Signs A Crypto Deal With Paraguay
Paraguay is actively working towards crypto adoption. With that objective, Paraguay’s Secretaría de Prevención de Lavado de Dinero o Bienes (SEPRELAD) has signed a partnership with El Salvador. The country said that it is looking to “achieve significant regulatory progress.”
“Both parties shall establish relationships for technical cooperation between the institutions representing the authorities and assist in the exercise of effective supervision of Digital Asset Service Providers (Virtual Assets), as well as the exchange of experiences and technical and regulatory knowledge on the matter, including but not limited to topics related to the traceability of digital assets, the use of blockchain intelligence tools, entry controls for digital asset service providers, and risk analysis,” the agreement said.
“This agreement not only fosters innovation but also ensures financial integrity in a borderless economy,” Reyes said commenting on deal with Paraguay.
Furthermore, he insisted that this partnership is about strengthening international alliances and ensuring financial integrity in an increasingly digital economy.
DISCOVER: 9+ Best High-Risk, High–Reward Crypto to Buy in March 2025
Key Takeaways
-
El Salvador and Argentina have officially joined forces to bolster the digital asset ecosystem across Latin America.
-
The collaboration centers around several key initiatives that could reshape the cryptocurrency landscape in Latin America.
-
El Salvador has also partnered with Paraguay to “achieve significant regulatory progress.”
The post El Salvador Adds More Bitcoin: Partners With Argentina, Paraguay To Focus On Latin America appeared first on 99Bitcoins.
