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Argentina Implements New Regulations for Firms Offering Crypto Services

The Argentine government has initiated the enforcement of regulations for cryptocurrency exchanges to operate legally within the country. The Comisión Nacional de Valores (CNV), Argentina's securities regulator, announced that virtual asset service providers must adhere to recommendations from the Financial Action Task Force (FATF). Roberto Silva, President of the CNV, emphasized that virtual asset service providers who fail to register "will not be able to operate in the country." The proposed changes to Argentina's laws concerning crypto users were reportedly introduced before Javier Milei was elected as the President in November 2023.

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