Catenaa, Tuesday, March 18, 2025- Argentina’s National Securities Commission (CNV) has finalized a comprehensive regulatory framework for virtual asset service providers (VASPs), setting strict compliance requirements for crypto exchanges and related platforms.
The regulations, published on March 13 under General Resolution No. 1058, establish guidelines on registration, cybersecurity, asset custody, money laundering prevention, and risk disclosure.
Officials say the new rules aim to promote “transparency, stability, and user protection” in the country’s evolving crypto market.
Among the key requirements, companies must maintain a clear separation between corporate and client funds, undergo annual audits, and submit monthly reports to the CNV. Noncompliant firms risk losing their registration, and those operating without approval may be legally barred from conducting business in Argentina.
Registered individuals and firms face staggered deadlines to meet the new regulations. Those already listed in the country’s registry of VASPs (PSAV) have until July 1 to comply, while locally incorporated companies have until Aug. 1. Foreign firms operating in Argentina must meet the requirements by September 1.
“Those who do not comply with the established requirements and deadlines will not be able to operate in Argentina,” CNV President Roberto E. Silva warned.
The regulations come amid Argentina’s deepening reliance on cryptocurrency due to rapid peso devaluation. A 2024 Chainalysis report ranked Argentina as Latin America’s largest recipient of crypto inflows, surpassing Brazil. Stablecoins, particularly USDT, have become a popular hedge against inflation.
Despite concerns over regulatory uncertainty and recent controversies such as President Javier Milei’s LIBRA memecoin scandal, Argentina’s crypto adoption continues to grow.
