The Argentine National Securities Commission (CNV) has recently implemented a new framework for Virtual Asset Service Providers (VASPs) operating in the country. The purpose of this updated regulation is to ensure greater transparency, stability, and enhanced user protection within the crypto industry.
Under the newly issued Resolution General No. 1058, companies providing virtual asset services must conform to stringent requirements. These include proper registration, robust cybersecurity measures, secure custody of digital assets, effective measures for anti-money laundering, and thorough risk disclosures.
New Licensing and Audit Mandates
Starting in 2024, crypto businesses that operate in Argentina are mandated to register with the Virtual Asset Service Provider Registry (PSAV). In addition to registration, these platforms are now required to submit annual audits and monthly reports to the CNV.
CNV President Roberto E. Silva stated, “Platforms that fail to meet the established requirements and deadlines will be barred from continuing operations in Argentina.” Should a provider neglect these obligations, authorities are authorized to revoke their registration and, if necessary, seek judicial orders to suspend unregistered activities.
Timelines and Compliance Requirements
| Category | Deadline |
| Registered PSAV Entities | July 1, 2025 |
| Companies Incorporated in Argentina | August 1, 2025 |
| Foreign Companies | September 1, 2025 |
Another key regulatory requirement is the strict segregation of client funds from company assets. This measure, paired with rigorous audit controls, is designed to minimize financial and operational risks and build confidence among market participants.
Resilient Growth in Argentina’s Crypto Scene
Despite the introduction of these tighter regulations, the use of cryptocurrencies in Argentina continues to rise. Escalating inflation and ongoing depreciation of the peso have driven many citizens to explore alternative financial solutions, with a growing number opting for stablecoins such as USDT (Tether).
According to a report by Chainalysis released in October 2024, Argentina recently surpassed Brazil by recording a cumulative crypto transaction volume of 91 billion dollars between July 2023 and June 2024. This robust trading activity highlights the country’s dynamic crypto market, which appears undeterred by new compliance measures.
By gradually introducing these regulations, Argentina is aligning itself with other nations that aim to regulate the crypto ecosystem without stifling innovation. The government’s goal is to foster an environment of trust, attract further investments, and establish a solid legal framework for the continued development of decentralized finance.
As the deadlines for compliance draw near, crypto platforms will need to adjust quickly to adhere to the new norms and avoid operational restrictions. The sustained momentum in the market suggests that cryptocurrency adoption is poised to expand further, regardless of the evolving regulatory landscape.
Maxwell Reed is the first editor of Cryptovista360. He loves technology and finance, which led him to crypto. With a background in computer science and journalism, he simplifies digital currency complexities with storytelling and humor. Maxwell began following crypto early, staying updated with blockchain trends. He enjoys coffee, exploring tech, and discussing finance’s future. His motto: “Stay curious and keep learning.” Enjoy the journey with us!