Argentina Mulls Adopting Bitcoin as Legal Tender

Argentina is holding discussions with El Salvador’s Digital Assets Commission to gain insights into the use Bitcoin as legal tender, has learnt.

Roberto E. Silva, president of Argentina’s National Securities Commission, said in a blog post that the country is looking to “strengthen our ties with El Salvador and are exploring potential collaboration agreements.”

Silva recognized El Salvador’s position as a global leader in the use of Bitcoin and other digital assets.

El Slavador, in 2021, became the first country in the world to make Bitcoin legal tender, leading to a surge in tourism and going on Bitcoin spending sprees.

Now Argentina is looking to explore Bitcoin as legal tender too. Argentina is the 22nd largest country by GDP with a population of over 45 million people.

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