Juan Carlos Reyes, president of the National Commission of Digital Assets (CNAD) of El Salvador, describes the characteristics of that country's regulatory body to ensure the adoption of cryptocurrency.

El Salvador adopted bitcoin as legal tender in 2021 and positioned itself as a benchmark in the insertion into the crypto world. Juan Carlos Reyes, president of the National Commission of Digital Assets (CNAD) of El Salvador, told about the experience during his attendance at Redes de Gobierno 2024, the event organized by Grupo Convergencia in Luján de Cuyo, Mendoza.

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Bitcoin as legal tender: the Salvadoran case

Juan Carlos Reyes, president of the National Commission of Digital Assets (CNAD) of El Salvador, describes the characteristics of that country's regulatory body to ensure the adoption of cryptocurrency.

MORE ANALYSIS

Presidential elections signal a second round

Voting takes place this Sunday the 16th. Ruling-party candidate Jeannette Jara leads the polls, but not by enough to avoid a runoff. The real fight is on the right, among three candidates. Polls suggest that whoever tops that group will win on December 14.

Court declares Oi bankrupt

This marks the end of the judicial reorganization process under bankruptcy proceedings. The key factor was the operator’s insolvency, with an “irreversible” state of unsustainability.

Spectrum for verticals: Discontent persists, although timing could tip the balance in favor of the operator

Communication service providers are developing plans to meet market demand but warn about the limitations of the official proposal. Claro believes that private networks should be complemented with public ones, as their uses are different.

New Telecommunications Regulatory Commission starts with several pending tasks

It must finalize the auction left pending to allocate spectrum to operators for the mass rollout of 5G. It also has on its agenda resolving disputes related to the designation of dominant operators in TV, mobile telephony, and interconnections between providers.

FFSU reformulation: praise for the enablement of “play” and doubts about the landing in the capital market

The possibility of transferring project costs as advance payments toward disbursements allocated to the FFSU was welcomed. Meanwhile, warnings regarding private financing focus on the ability of small operators to take advantage of these opportunities due to scale limitations.

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