During his official visit to Argentina, Bukele met with Victoria Villarruel, the nation’s vice president, to discuss cryptocurrency and the Salvadoran experience with Bitcoin. While the meeting was private, a video released before the meeting shows Villarruel asking Bukele about the first cryptocurrency and the yet-to-be-issued bitcoin-backed “volcano bonds.”
Bukele Talks Cryptocurrency and Bitcoin Bonds With the Argentine Vice President
Argentine Senators and the executive are very interested in bitcoin. During an official visit to Argentina, El Salvador’s President Nayib Bukele met with a group of national senators and the country’s vice president, who touched on the cryptocurrency subject.
While the discussion was private, a video before the meeting shows Argentine Vice President Victoria Villarruel inquiring about the Salvadoran experience in the field of bitcoin, having already several years of approving the cryptocurrency as legal tender.
Villarruel stated:
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I personally want to use these short minutes to talk to you about bitcoin, it’s something that interests me a lot.
Furthermore, Villarruel also showed interest in the so-called volcano bonds, which have been on hold for several years. Bukele proposed these bonds as part of the financing scheme of the still-to-be-constructed Bitcoin City, a bitcoin-centric metropolis announced in 2021.
After the meeting, Villarruel confirmed that cryptocurrency regulation had also been discussed during the encounter. “We were able to talk about the implementation of Bitcoin, the creation of the CNAD (National Commission of Digital Assets) which is the first body that provides a legal framework and regulation for cryptoassets,” she disclosed on social media.
As part of this visit, Bukele also met President Milei to examine topics such as the issuance of zero-deficit budgets, security plans, and politics. Nonetheless, bitcoin was not included in the agenda.
While Milei has not declared clearly in favor of bitcoin, he has stated that in the future, anyone will be able to use bitcoin as part of the currency competition plan he envisions. Other currencies can also be leveraged as part of this proposal.
Source: https://news.bitcoin.com/bukele-advises-argentine-vice-president-on-bitcoin-and-volcano-bonds/