EddieJayonCrypto
14 Mar 25
Argentina's Comisión Nacional de Valores (CNV) has implemented new regulations for virtual asset service providers (PSAVs) to ensure transparency and consumer protection in the crypto sector. The regulations focus on registration, cybersecurity, anti-money laundering, and asset custody standards, wi...
Argentina's Comisión Nacional de Valores (CNV) has introduced Resolution No. 1058, imposing new regulations for virtual asset service providers (PSAVs). The regulations mandate compliance with registration, cybersecurity, anti-money laundering, and asset custody standards to ensure transparency and consumer protection in the crypto sector. The framework emphasizes stringent operational guidelines and severe penalties for non-compliance. Registration deadlines for different entities have been set, with the framework effective on Dec. 31, 2025. The CNV has broad enforcement powers, including the ability to suspend or revoke licenses and block unregistered PSAVs from operating in Argentina.
The new rules require PSAVs to implement robust information security policies, maintain prudent financial safeguards for asset custody, and disclose agreements with third parties, with annual audits for verification. Deadlines for registration vary for different entity types: individuals providing virtual asset services by July 1, 2025, domestically incorporated firms by Aug. 1, 2025, and foreign entities by Sept. 1, 2025. The CNV can suspend or revoke licenses of non-compliant service providers and block unregistered PSAVs from operating in Argentina, aligning with global trends of regulating digital asset platforms while fostering responsible industry development.