El Salvador and Argentina signed a strategic cooperation agreement in the development of the crypto market in Latin America and accelerating the implementation of cryptocurrencies in the region.

According to Juan Carlos Reyes, head of the National Committee on Digital Assets of El Salvador, the agreement signed between the countries will involve an exchange of experience and technologies in the field of blockchain and regulation of digital assets.

Particular attention will be paid to improving the regulatory and legal sphere, the official noted. He emphasized that Argentina is currently one of the leaders in the field of technology and innovative solutions, and El Salvador has extensive experience in accepting cryptocurrency in the financial infrastructure.

The combined efforts of El Salvador and Argentina will lay the foundation for closer regional cooperation, helping to create favorable conditions for the development of the digital asset industry, the head of the Salvadoran regulator is confident.

It is worth recalling that the development of the issue of cooperation between the regulators of the two countries began in early March of this year. At that time, the parties agreed to conclude an agreement by the end of 2024.

Representatives of the Argentine regulator, in turn, are confident that the agreement will help the country improve the development of the digital economy segment to overcome economic problems and high inflation.

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Speaking at the Bitcoin MENA 2024 conference in Abu Dhabi, Eric Trump said Bitcoin has many advantages over traditional finance. He called the first cryptocurrency an international asset valuable to the entire world, which is increasingly threatened by inflation, political instability and natural disasters.

With its decentralized nature and limited supply of 21 million coins, Bitcoin can be a reliable tool for protecting savings. Eric Trump thanked his father for his willingness to support the development of cryptocurrencies, which became the reason for Bitcoin to reach a new record high above $ 100,000.

"Bitcoin is the future of finance. Bitcoin eliminates the need for tens of thousands of bankers doing paperwork for exorbitant fees. Cryptocurrency makes international transactions much easier," said Eric Trump.

He took the opportunity to criticize the Biden administration for its “war on cryptocurrency.” This refers to the numerous lawsuits filed by the U.S. Securities and Exchange Commission (SEC) against major cryptocurrency companies, exchanges, and startups. Eric Trump noted that the FTX collapse was a turning point for the industry, which exacerbated the uncertainty and crackdown on cryptocurrency.

"Those who are adopting Bitcoin now, whether it's governments or institutions, are going to be the winners in the digital revolution. Bitcoin is becoming liquid, it's borderless, it's already a global currency. Bitcoin is not dependent on traditional banking systems, it's not subject to the influence of corrupt governments. People's eyes will be opened to this when Bitcoin reaches $1 million. I'm sure it will soon," Eric Trump said.

Eric Trump recently criticized SEC Chairman Gary Gensler for pursuing crypto companies. Trump believes that with adequate regulations for the development of the crypto industry, the United States can become a “global crypto power.”

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Speaking at the Bitcoin MENA conference in Abu Dhabi, Changpeng Zhao noted that Trump has not yet taken office as president, so the task of creating a reserve of bitcoins has yet to be completed. Once this happens, other countries will follow suit.

According to Zhao, small countries will be the first to create state reserves in bitcoins, and this will happen gradually. Later, large countries, including China, will follow suit. Zhao noted that China's position on cryptocurrencies is more difficult to predict, given the lack of transparency from the government. Cryptocurrency trading and mining are currently prohibited in the country.

However, Zhao believes that China will inevitably have to create a state reserve in bitcoin, since it is the only “hard asset.” Moreover, this could happen without prior notice - China will announce the existence of such a reserve after the fact, Zhao reasons.

"I would be shocked if the Chinese government announced something first and then did it. I wouldn't be surprised if China hoarded bitcoins first and then announced them. The government can act very quickly if they want to," Zhao said.

The former Binance executive recently expressed disappointment with memecoins, calling the hype around them “a little weird.” In November, Zhao suggested that Bitcoin’s bull run would continue for a long time.

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