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.

El Salvador's President Nayib Bukele met with a group of national senators and the country's vice president during an official visit to Argentina, where they briefly discussed cryptocurrency.

Bukele Talks Cryptocurrency, Bitcoin Bonds With Argentine VP

Argentine senators and the executive are showing interest in bitcoin. A group of national senators met with El Salvador's President Nayib Bukele during an official visit to Argentina, where they briefly discussed cryptocurrency.

The meeting was private, but a video released before the encounter shows Villarruel asking Bukele about the first cryptocurrency and the yet-to-be-issued bitcoin-backed “volcano bonds.”

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.”

Argentine Vice President Victoria Villarruel (left) and El Salvador's President Nayib Bukele (right) at the Casa Rosada presidential palace in Buenos Aires, Argentina, on Feb. 10, 2023. (Presidencia de la Nación Argentina / Handout)

Argentine Vice President Victoria Villarruel personally wanted to talk to Bukele about bitcoin during the meeting, according to a video published by the Argentine presidency.

“I personally want to use these short minutes to talk to you about bitcoin, it's something that interests me a lot,” Villarruel told Bukele.

Moreover, 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.

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