President Nayib Bukele of El Salvador held discussions with Argentine Vice President Victoria Villarruel regarding Bitcoin and the concept of bitcoin-backed “volcano bonds”. The meeting revealed a significant interest in cryptocurrency among Argentine officials, with Villarruel expressing a desire to learn from El Salvador’s experience in crypto adoption. Post-meeting, discussions included regulations on cryptocurrency through the establishment of the CNAD. Although Bitcoin was not a primary focus in conversations with President Milei, future possibilities for cryptocurrency use in Argentina were indicated.
During an official visit to Argentina, President Nayib Bukele of El Salvador engaged in discussions with Argentine Vice President Victoria Villarruel about cryptocurrency, particularly Bitcoin, and the potential for bitcoin-backed “volcano bonds.” The meeting covered the burgeoning interest in cryptocurrencies among Argentine lawmakers, with Villarruel expressing her personal enthusiasm for Bitcoin during a pre-meeting video. She indicated an eagerness to learn about El Salvador’s experience in adopting Bitcoin as legal tender, highlighting a conversation about the long-awaited volcano bonds intended to finance the proposed Bitcoin City. Following their discussions, Villarruel mentioned the establishment of a legal framework for cryptocurrencies, specifically referenced as the National Commission of Digital Assets (CNAD). Although President Bukele also met with President Milei to discuss various fiscal and political subjects, the topic of Bitcoin did not feature prominently on that agenda. Nonetheless, Milei has hinted at future possibilities where Bitcoin may play a role as part of Argentina’s economic strategy.
The recent meeting between President Nayib Bukele and Vice President Victoria Villarruel signifies a growing interest in cryptocurrency within Argentina, particularly Bitcoin. El Salvador has been at the forefront of cryptocurrency adoption, having enacted regulations that recognize Bitcoin as legal tender. This meeting reflects Argentina’s potential pivot toward similar policies, particularly in light of Villarruel’s expressed curiosity about Ukraine’s volcano bonds—an innovative financial instrument proposed by Bukele to fund infrastructure in a crypto-centric city. Moreover, the discussions reinforced the emergence of formal regulatory frameworks for digital assets in Argentina, as expressed through the formation of the CNAD.
The dialogue between President Bukele and Vice President Villarruel underscores an increasing interest in cryptocurrency, particularly Bitcoin, within Argentina. Villarruel’s proactive engagement on the subject, alongside discussions about regulatory measures, points toward a potential shift in Argentina’s approach to digital currencies. While the discussions with President Milei appeared less focused on cryptocurrencies, the expressed openness to future currency competition indicates a possible evolution in Argentina’s economic landscape.
Original Source: news.bitcoin.com
