El Salvador has formed a partnership with Argentina to enhance cryptocurrency adoption in Latin America. This collaboration includes Juan Carlos Reyes, head of El Salvador’s National Digital Assets Commission, and Roberto Silva, chairman of Argentina’s National Securities Commission. The announcement was made through local media reports on March 26, 2025.

Reyes expressed, “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 nations are keen on integrating digital assets, albeit via different pathways.

Argentina Takes A Leaf From El Salvador’s Page

Having been the pioneer in adopting Bitcoin as legal tender in 2022, El Salvador recently enriched its Bitcoin reserves.

🚨 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

Despite the positive aspects of its Bitcoin strategy, President Nayib Bukele has voiced concerns regarding the pace at which crypto is being adopted.

In a TIME Magazine interview, he noted that the uptake has not met his expectations.

Argentina, amidst economic turbulence, is witnessing a rise in cryptocurrency acceptance amongst its populace. A Memorandum of Understanding (MoU) to foster the crypto industry in both nations was signed in December 2024.

El Salvador Signs A Crypto Deal With Paraguay

Additionally, efforts for crypto adoption are being seen in Paraguay. The country’s Secretaría de Prevención de Lavado de Dinero o Bienes has signed a partnership with El Salvador to enhance regulatory frameworks.

This agreement is designed to strengthen technical cooperation and effective supervision of Digital Asset Service Providers, ensuring that financial integrity and innovation thrive in a digital economy.